Regulatory Alerts2024-03-06 | 29764Added · Updated
CBTT Circular CB-OIFI-663/2024: Integrating IFRS 17 into the Capital Framework
The Central Bank of Trinidad and Tobago issues instructions for insurers to integrate IFRS 17 into regulatory capital assessments and financial condition reports. The circular mandates the submission of additional Parallel Run Capital Adequacy Returns, with specific deadlines for quarterly and annual reporting periods ending on or after December 31, 2023. It also releases draft amendments to the Insurance (Capital Adequacy) Regulations, 2020, for a second round of industry consultation.