International Financial Services Centres Authority (IFSCA or Authority) vide ref. no. IFSCA/2022-23/GN/REG032, has published the “IFSCA (Manner of Payment and Receipt of Premium) Regulations, 2022” [“Regulations”] on January 14, 2023. The said Regulations shall come into
IRDAI vide Circular Ref. IRDAI/INV/CIR/16/01//2023 dated January 13, 2022 issued a Circular on Sovereign Green Bonds (SGrBs) — Categorisation and Classification Major highlights of the Circular The Circular captures insights on the Sovereign Green Bonds (SGrBs)
IFSCA (Authority) vide its notification reference number IFSCA/2022-23/GN/REG028 has published IFSCA (Appointed Actuary) Regulations, 2022 (“Regulation”) on January 14, 2023. Objective: To l ay down the regulatory framework for the appointment, roles and functions of Appointed
IFSCA vide ref No: IFSCA/2022-23/GN/REG029, has published “(Insurance Products and Pricing) Regulations, 2022” (Regulations) on January 16, 2023. The said Regulation shall come into force from the date of its publication in the Official Gazette. Objective
IRDAI vide Reference No. IRDAI/NL/Cir/Misc/7/1/2023 dated January 12, 2023 has issued a Circular on “Modification of Surety Insurance Guidelines” which shall come into force with immediate effect . Modifications made to IRDAI (Surety Insurance Contracts) Guidelines,
International Financial Services Centres Authority (IFSC or Authority) vide notification dated January 12, 2023, (published on January 16, 2023) on IFSCA (Investment by International Financial Service Centre Insurance Office) Regulations, 2022 (“Regulation”). Background – To enact
International Financial Services Centres Authority (IFSCA or Authority) vide Circular ref. no. IFSCA/2022-23/GN/REG033, dated January 12, 2023 (published on January 16, 2023) has issued “IFSCA (Preparation and Presentation of Financial Statements of International Financial Service Centre
IRDAI vide circular ref.no. RDAI/ACTL/CIR/MISC/4/1/2023, dated January 10, 2023 has issued a circular on “IRDAI (Appointed Actuary) Regulations, 2022” (“Regulations”). Major highlights of the Circular are as follows: The Circular prescribes the format (Form IRDAI-AA-2) for
IRDAI vide reference number IRDAI/REIN/GDL/MISC/2/1/2023 dated January 3, 2022 has issued “Guidelines on issuance of File Reference Numbers (FRN) to Cross Border Reinsurers (CBR)” [Guidelines]. Background Insurer have to ensure that CBRs meet rating requirements as
IFSCA (Authority) vide its Press Release dated December 29, 2022 has sought comments / suggestions from general public and stakeholders on consultation paper on proposed IFSCA (Assets, Liabilities, and Solvency Margin) Regulations, 2022 (“Proposed Regulations”). Objective: