Regulatory Alerts2022-01-01 | JPRF-S-2022-058Resolution No. JPRF-S-2022-058: Transitional Provision Suspending Investment Limits on National Financial System Securities
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-S-2022-058 to temporarily suspend the 25% investment cap on securities issued, backed, or guaranteed by the national financial system for insurance and reinsurance companies. This suspension remains in effect until June 30, 2023, allowing portfolio compositions to exceed the previous limit while a technical review is conducted. The resolution mandates the Superintendency of Companies, Securities and Insurance to submit a technical report on the impact of this limitation within two months of the resolution's issuance.
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