Investment by International Financial Service Centre Insurance OfficeInternational Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022
Investment by International Financial Service Centre Insurance OfficeInternational Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022
IIOs must maintain a Board-approved investment policy, value assets and liabilities, preserve the prescribed solvency margin, and continuously earmark assets at least equal to liabilities. Such investments must account for their nature, duration, currency and uncertainties and remain free from encumbrances. Investment in promoter-owned or controlled entities is limited, while banking counterparties must satisfy prescribed operational, supervisory-rating and asset conditions. Investments may be made only in permitted jurisdictions, with separately accounted and ring-fenced treatment for specified relocated-business and insurance-risk investments.
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