Quarterly Returns Reporting – Extension of Parallel Reporting

October 6, 2022
Circular Letter to:
Insurance Companies Registered under Insurance Act, 2018 Insurance Companies Registered under Insurance Act, 1980 The Institute of Chartered Accountants of Trinidad and Tobago (ICATT) The Association of Trinidad and Tobago Insurance Companies (ATTIC) The Caribbean Actuarial Association (CAA) REF: CB-OIFI: 2382/2022 Quarterly Returns Reporting – Extension of Parallel Reporting The Central Bank of Trinidad and Tobago (“Central Bank”) refers to Circular Letter issued dated March 3, 2022, titled “Quarterly Returns Reporting – Extension of Parallel Reporting”. Please be advised that the parallel reporting of Version 4.1 and Version 5.1 of the quarterly returns which were required up to the quarter ending June 30, 2022, has been extended. The parallel reporting has been extended as part of the preparations by the Central Bank for the IFRS 17 – Insurance Contracts Implementation Project. Accordingly, insurers are required to submit the Quarterly Returns for the quarter ended September 30, 2022 and subsequent quarterly reporting periods, using the Version 4.1 and Version 5.1 until further notice. The latest version of all forms specified by the Inspector of Financial Institutions for all of the regulatory reports and returns required under the Insurance Act 2018 can be accessed at https://www.central-bank.org.tt/publications/regulatory-returns/insurance￾sector-regulatory-return. Please be guided accordingly. Yours sincerely Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS Cen t r al Ban k o f Tri n i d ad an d To bag o Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-CBTT (2288), 235-CBTT (2288); Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt