Regulatory Alerts2016-04-04
Notice of the Authority Relating to Filing of Interim Returns and Other Documents for Damage Insurers Licensed in Quebec for the Half Year Ending April 30, 2016
The Autorité des marchés financiers requires Quebec-licensed damage insurers with an October 31 year-end to electronically file signed interim returns, compliance attestations, and related documents via the File Transfer Service by June 14, 2016. Insurers must retain complete paper copies at their premises for potential examination and adhere to specific file naming conventions outlined in the FTS requirements guide. Failure to submit these documents within the prescribed timeframe may result in administrative monetary sanctions under section 405.1 of Quebec's Insurance Act.
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