Regulatory Alerts2020-01-01
Insurance (Risk Management)(Amendment) Rules 2020
The Financial Services Commission issued these rules to amend the Insurance (Risk Management) Rules 2016 by replacing specific numerical references with the figure “6” in Rules 3 and 5. The updated provisions take effect on 24 October 2020 under the authority of the Insurance Act and Financial Services Act. These targeted adjustments ensure consistent regulatory thresholds without altering substantive risk management obligations.
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