Regulatory Alerts2022-08-09 | 29746Consultation of the Draft Market Conduct Guideline for Registrants under the Insurance Act, 2018
The Insurance Sector regulator is soliciting stakeholder feedback on the Draft Market Conduct Guideline to standardize operational and ethical obligations for licensed registrants under the Insurance Act, 2018. The proposed framework establishes clear conduct expectations, compliance reporting standards, and enforcement mechanisms that will govern day-to-day insurance market operations. Industry participants must review the draft provisions to ensure their current practices align with the upcoming regulatory requirements before finalization.
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