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    <description>Investment management by an International Financial Service Centre Insurance Office requires Board-authorised oversight through an Investment Management Committee with financial, actuarial and insurance or reinsurance risk expertise. Unincorporated offices must invest through Parent Entity-authorised persons subject to reporting and review protocols. Internal controls and investment audits are mandatory. Offshore investments must be transferable to the International Financial Services Centre when directed, while investments must generally use freely convertible foreign currencies and minimise liquidity risk.</description>
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