Regulatory Alerts2012-06-15
Notice on Filing of Interim Returns and Documents for Damage Insurers in Québec – Half Year Ending June 30, 2012
The Autorité des marchés financiers mandates electronic filing via its File Transfer Service for all interim returns and supporting documents submitted by Québec-licensed damage insurers for the half year ending June 30, 2012. Insurers must now submit documents electronically in ASCII, Excel, or pdf formats and retain signed paper copies on premises, while also completing a new mandatory Attestation of Compliance of Versions to verify data consistency. The regulator has revised its administrative monetary sanctions framework to enforce timely electronic submissions and will no longer issue personal reminders prior to statutory due dates.
Share