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  • PD-3.2 PD-3.2 Guidance Provided by Other International Bodies

    • International Association of Insurance Supervisors: 'Guidance Paper on Public Disclosure by Insurers'

      • PD-3.2.1

        This paper provides guidance on the public disclosure of reliable and timely information, involving both the quality of disclosure by insurers and the nature of the information being disclosed. Disclosure improves the understanding of policyholders and market participants of the financial position of insurers. The CBB encourages insurance licensees to refer to this document and to apply the disclosure principles it contains (see www.iaisweb.org).

        Amended: January 2007
        Amended: October 2007

    • AAOIFI Financial Accounting Standard 12 (General Presentation and Disclosure in the Financial Statements of Islamic Insurance Companies)

      • PD-3.2.2

        The CBB requires takaful companies to follow Financial Accounting Standard 12 (General Presentation and Disclosure in the Financial Statements of Islamic Insurance Companies) published by the Accounting and Auditing Organisation for Islamic Financial Institutions — www.aaoifi.com (refer to Section BC-3.4).

        Amended: January 2007