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TA-2.5.6

Past version: Effective from 30 Aug 2025 to 30 Jun 2007
To view other versions open the versions tab on the right

Insurance licensees must obtain prior approval from the BMA for any of the following changes to its controllers (as defined in Section GR-5.2):

(a) a new controller;
(b) an existing controller increasing its holding from below 20% to above 20%;
(c) an existing controller increasing its holding from below 50% to above 50%; and
(d) an existing controller reducing its holding from above 50% to below 50%.
Rulebook Reference GR-5.1