Insurance Manager and Intermediary Approved Assets Consultation Paper

The Commission has today issued a consultation paper making proposals in respect of Regulations applicable to insurance managers and intermediaries licensed under the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002.

The Approved Assets Regulation Consultation Paper proposes amendment to the Insurance Managers and Insurance Intermediaries (Approved Assets) Regulations, 2002. The aim of the proposed amendments are to remove a current gap in the existing prudential rules for licensees, which at present has the effect of weakening the quality of regulatory capital available to Licensees.

Interested parties are invited to provide written responses to the Commission before the consultation deadline of 18 June 2018.