BR-A.2.2
A list of recent changes made to this Module is provided below:
Module Ref. | Change Date | Description of Changes |
BR-1.1 | 01/10/05 | Corrected reference to Form IFR; Clarified definition of equity basis; amended requirement to have IFR reviewed (instead of audited) by external auditors; amended signatures required for IFR for overseas insurance firms and; added a paragraph detailing other reporting requirements. |
BR-1.2 | 01/10/05 | Amended requirement to have IMR reviewed (instead of audited) by external auditors; amended signatures required for IMR for overseas insurance licensees and; added a paragraph detailing other reporting requirements. |
BR-1.4 | 01/10/05 | Corrected reference to Form IFRQ and amended due date of quarterly return to within 45 days of the relevant quarter year end. |
BR-2.2 | 01/10/05 | Added notification requirement for appointed representatives and for reinsurance in excess of 25%. |
BR-2.3 | 01/10/05 | Clarified that prior approval for changes in controllers is required for all insurance licensees. |
BR-1.1 | 01/01/06 | Clarified that the Insurance Firm Return (IFR) of every insurance firm must be reviewed in accordance with the International Standard on Related Services applicable to agreed-upon procedures engagements. Added a transition period for the submission of the first IFR for the period ending December 31, 2006. |
BR-1.2 | 01/01/06 | Clarified that the IMR of every insurance intermediary and insurance manager must be reviewed, in accordance with the International Standard on Related Services applicable to agreed-upon procedures engagements. |
BR-1.3 | 01/01/06 | Added a transition period for the submission of the first GIFR for the period ending December 31, 2006. |
BR-1.4 | 01/01/01 | Added a transition period for the submission of the first QIFR for the period ending March 31, 2007. |
BR-1.1 | 01/04/06 | Added the requirement for filing a copy of the external auditor's management letter. |
BR-1.2 | 01/04/06 | Added the requirement for filing a copy of the external auditor's management letter. |
BR-2.3.22 BR-2.3.23 BR-2.3.29(d) |
01/04/06 | Corrected cross reference to Module CA and clarified prior approval requirements in the case of insurance contracts with related parties; corrected cross reference to Module AU. |