SCHEDULEInternational Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023
SCHEDULEInternational Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023
Regulation 8 - Power to remove difficulties and relax strict enforcement of the regulations
International Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023 Chapter III MISCELLANEOUS PROVISIONS
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Regulatory clarification and enforcement relaxation may address interpretive difficulties where applications meet prescribed procedural requirements. The Authority may issue guidance notes or circulars to clarify difficulties in the application or interpretation of the regulations. It may also relax ... Summary
Regulatory clarification and enforcement relaxation may address interpretive difficulties where applications meet prescribed procedural requirements.
The Authority may issue guidance notes or circulars to clarify difficulties in the application or interpretation of the regulations. It may also relax strict enforcement of any provision on an application accompanied by the specified non-refundable processing fee, with reasons recorded in writing.
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