Regulatory Alerts2024-08-19
Added · Updated
Financial Services (Consolidated Licensing and Fees) (Amendment No. 5) Rules 2024
The Financial Services Commission issued Amendment No. 5 to the Consolidated Licensing and Fees Rules 2008, revising fee schedules for insurance service providers. This amendment replaces item INS-2.1 in the First Schedule to establish updated fixed annual fees and additional Lloyd’s Coverholder charges for Insurance Managers. The revised licensing fee structure takes effect on 30 August 2024, directly adjusting the operational costs for regulated insurance entities.