Regulatory Alerts2021-10-21
Guidance Note for Licensed Insurers on the Completion and Submission of Annual Returns
The Guernsey Financial Services Commission issued this guidance to improve the quality of regulatory reporting following a 2018 thematic review of insurer annual returns. The document details the specific requirements for completing Form 133, including the upload of audited financial statements, Regulatory Solvency Assessments, and accurate key financial figures converted to Sterling. It further mandates that General Representatives ensure robust internal controls and certify compliance with solvency, business plan, and corporate governance obligations before submission.
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