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  • BR-1.4 BR-1.4 Quarterly Financial Reporting

    • BR-1.4.1

      Except as provided for under Paragraph BR-1.4.2, every insurance firm required to submit an Insurance Firm Return must prepare and submit to the CBB selected Sections of the Insurance Firm Return for each quarters ending 3, 6 and 9 months after its financial year end, except where the written consent of the CBB has been obtained to modify the length of these quarters.

      Amended: January 2007

    • BR-1.4.2

      This Chapter does not apply to captive insurers in recognition of the structure of these licensees and limited exposure to policyholders. Insurance firms who are in run-off and whose license is restricted from entering into new contracts of insurance as per Paragraph GR-8.1.8, are grandfathered and not required to apply the requirements of Paragraph BR-1.4.1.

      Amended: July 2022
      Amended: January 2007
      Amended: October 2007

    • BR-1.4.3

      The format of the information required to be submitted on a quarterly basis is included in Part B of Volume 3 (Insurance) of the Rulebook, as Insurance Firm Quarterly Return (IFRQ).

    • BR-1.4.4

      For the purposes of BR-1.4.1 the financial year end will be the year end as determined for the purposes of the preparation and submission of the Insurance Firm Return (Form IFR) required under Chapter BR-1.1 of this Module.

    • BR-1.4.5

      The circumstances where the CBB will consider requests to modify BR-1.4.1 are equivalent to those set out in BR-1.1.

      Amended: January 2007

    • BR-1.4.6

      Quarterly financial reporting consists of such parts of the Insurance Firm Return as may be specified by the CBB and must be completed in accordance with the rules, formats and instructions applicable to those parts that apply to the Insurance Firm Return.

      Amended: January 2007

    • BR-1.4.7

      Quarterly financial reporting must be submitted to the CBB within 30 calendar days of the relevant quarter end.

      Amended: January 2007
      Amended: April 2022

    • BR-1.4.8

      The first quarterly return (IFRQ) for insurance firms must be submitted to the CBB for the quarter ending 31 March 2007 (refer to ES-2.7.3).

      Amended: January 2007
      Amended: October 2007