Regulatory Alerts2017-08-25 | 29539Insurance Sector Parallel Run
The Insurance Sector regulator has issued a Parallel Run directive requiring market participants to operate under both legacy and updated regulatory frameworks simultaneously during the transition period. Firms must maintain compliance with existing capital, governance, and reporting standards while progressively implementing new requirements to ensure operational continuity. This dual-compliance approach minimizes transitional disruption and allows insurers to adapt their business models in alignment with evolving regulatory expectations.
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