Regulatory Alerts2017-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2017
The Financial Services Commission issued these rules to amend the licensing and fee schedule for insurance and reinsurance businesses operating as protected cell companies. The amendments insert specific initial and annual fee structures in United States dollars for long-term, general, external insurance, and professional reinsurance categories. These updated fee requirements take effect on 1 July 2017 under the authority of section 93 of the Financial Services Act.
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