The Prudential Authority and the Financial Sector Conduct Authority (FSCA) issued Joint Communication 2 of 2018 which indicates which of the regulatory policy proposals in the Third-party Cell Captive Insurance and Similar Arrangements Discussion Paper, 2013 relate to prudential matters and which relate to conduct of business matters.
The Communication provides an update on how, where and the extent to which the regulatory policy proposals have been accommodated (or will be accommodated) within the prudential and conduct of business legislative framework.
It also includes responses to key issues raised in the comments received on the Discussion Paper and subsequent engagements with industry.
Click here to read the communication.