International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023
Regulation 9 - Non-applicability of certain regulations and savings
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023 Chapter III MISCELLANEOUS PROVISIONS
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Regulatory transition in International Financial Services Centres preserves prior life insurance actions and mandates timely compliance with additional requirements. Regulation 9 disapplies, in International Financial Services Centres, the 2016 life insurance requirements on assets, liabilities, solvency margins, ... Summary
Regulatory transition in International Financial Services Centres preserves prior life insurance actions and mandates timely compliance with additional requirements.
Regulation 9 disapplies, in International Financial Services Centres, the 2016 life insurance requirements on assets, liabilities, solvency margins, actuarial reports and abstracts, together with circulars and guidelines issued under them. Prior actions taken or purportedly taken under those instruments are deemed taken under corresponding applicable provisions. IIOs operating at commencement must meet any additional requirements within six months, subject to an Authority-specified extension.
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