Regulatory Alerts2012-06-15
Notice relating to filing of interim returns and other documents for the half year ending June 30, 2012 – Insurers of persons licensed in Québec
The Autorité des marchés financiers (AMF) mandates that insurers licensed in Québec submit all interim returns and related statutory documents electronically via its File Transfer Service (FTS) for the half year ending June 30, 2012. This directive eliminates routine paper filings, introduces mandatory compliance attestations for PDF, Excel, and ASCII files, and requires insurers to retain signed paper copies at their premises. The AMF has updated its administrative monetary sanctions framework to enforce these electronic filing obligations, removing personal reminders and applying penalties for late or non-compliant submissions.
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