On 23 January 2020, the FSCA published Communication 1 of 2020 together with FSCA (INS) Notices 1 and 2 of 2020.
The publications inform stakeholders that the general extension for compliance with Regulation 4.2(3) of the Regulations made under the Short-term Insurance Act (STIA) and Regulation 8.2(2) of the Regulations made under the Long-term Insurance Act (LTIA) has been extended to 1 April 2020.
The initial date for ensuring compliance with these Regulations was 28 September 2019 however an extension was granted until 1 February 2020 and now a further extension has been granted until 1 April 2020.
To read more about these Regulations and its impact on FSPs, read our previous article, FSRA Compliance Extension Notice 1 of 2019 (STIA) and Notice 2 of 2019 (LTIA)
To read the latest notices and communication from FSCA, click on the links below: