Regulatory Alerts2020-04-30
Guide to Regulatory Information, Data and Reports for Insurance Companies and Professions
The Insurance Authority issues this guide to mandate that insurance companies and related professionals establish robust internal control, compliance, and risk management frameworks. It requires entities to maintain accurate electronic registers, provide timely disclosures of governance changes and financial data, and submit annual self-assessments on governance and risk adherence. Furthermore, the document stipulates strict reporting obligations for internal audits and anti-money laundering controls, including specific deadlines for compliance officer reports and external auditor reviews.
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