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  • PD-A.2 PD-A.2 Module History

    • PD-A.2.1

      This Module was first issued in April 2005 by the BMA, together with the rest of Volume 3 (Insurance). Any material changes that have subsequently been made to this Module are annotated with the calendar quarter date in which the change was made: Chapter UG-3 provides further details on Rulebook maintenance and version control.

      Amended: January 2007

    • PD-A.2.2

      When the CBB replaced the BMA in September 2006, the provisions of this Module remained in force. Volume 3 was updated in January 2007 to reflect the switch to the CBB; however, new calendar quarter dates were only issued where the update necessitated changes to actual requirements

      Added: January 2007

    • PD-A.2.3

      A list of recent changes made to this Module is provided below:

      Module Ref. Change Date Description of Changes
      PD-1.1 01/10/05 Amended the requirement that the Annual Report be available only in printed form (electronic format is optional).
      PD-2.1 01/10/05 Reference added to IAS 34; clarified the semi-annual financial statements are subject to "review" and not "audit".
      PD-1.1.6 01/04/06 Clarified local disclosure requirements.
      PD-2.1.5 01/07/06 Added a transition period for semi-annual disclosure requirements.
      PD-A1.5 01/2007 New Rule introduced referring to the CBB Law and categorising this Module as a Directive.
      PD-2.1.2 01/2007 Clarified that insurance firms are to disclose prior year comparative figures as part of the requirements for semi-annual disclosure requirements.
      PD-1.1.6A, 1.2.5A and 2.1.4A 10/2007 Clarified that insurance firms must submit the newspaper copy of the required published financial statements.
      PD-2.1.4B 01/2007 Clarified that pure reinsurers need not published in local newspapers their semi-annual results. Publication of these results on their website will meet CBB requirements.
      PD-A.1.5 07/2009 Corrected application of legal basis.
      PD-1.1.12 07/2009 Clarified format of auditor's opinion for audited financial statements to be submitted
      PD-A.1.5 01/2011 Clarified legal basis.
      PD-2.2 01/2011 Added a new Section for newly-established insurance firms.
      PD-1.1.12A, PD-1.1.13A, and PD-2.1.2A 04/2014 Added public disclosure requirements for Takaful firms.
      PD-1.1.21 10/2019 Amended Paragraph on disclosure of financial penalties of insurance firms.
      PD-1.2.4 10/2019 Amended Paragraph on disclosure of financial penalties of overseas insurance firms.
      PD-1.1.6A, PD-1.2.5A & PD-2.1.4A 07/2023 Amended Paragraphs on submission of newspaper extracts of financial statements.

    • PD-A.2.3 [Deleted]

      Deleted: January 2007

    • PD-A.2.4

      Further guidance on the implementation and transition to Volume 3 (Insurance) is given in Module ES (Executive Summary).