Regulatory Alerts2021-07-02 | 29710Added · Updated
Circular Letter on IFRS 17 Implementation Deadline for Insurance Companies
The Central Bank of Trinidad and Tobago requires all insurance companies registered under the Insurance Act, 2018 to submit audited financial statements in accordance with IFRS 17 for annual reporting periods on or after January 1, 2023. Non-compliance with this requirement may result in administrative or criminal fines and enhanced regulatory supervision. Additionally, these entities must submit completed questionnaires by June 15, 2021, and every six months thereafter to assist in preparation.
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