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MGA compliance requirements for BAAs with foreign insurers include document retention and submission to the Competent Authority. An MGA executing a BAA with other foreign insurer(s) must, mutatis mutandis, comply with the requirements of sub-regulations (3), (4) and (5) of regulation 4 and regulation 20 of the International Financial Services Centres Authority (Managing General Agents) Regulations, 2026. The MGA must maintain the relevant documents at all times and submit them whenever sought by the Competent Authority.
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MGA compliance requirements for BAAs with foreign insurers include document retention and submission to the Competent Authority.
An MGA executing a BAA with other foreign insurer(s) must, mutatis mutandis, comply with the requirements of sub-regulations (3), (4) and (5) of regulation 4 and regulation 20 of the International Financial Services Centres Authority (Managing General Agents) Regulations, 2026. The MGA must maintain the relevant documents at all times and submit them whenever sought by the Competent Authority.
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