Cautions and notices

Jul 2021 Insurance

Solvency

We are publishing three documents relating to the Review of the Insurance Solvency Standards:

• A feedback statement from the consultation run over summer;
• A draft of an Interim Solvency Standard, for consultation; and
• An explanatory note.

These documents can be found on the Solvency Standard Review page.

We’ll be holding a webinar to discuss the draft interim standard at 10am on Thursday 5 August. To express your interest in attending the webinar, please subscribe to our mailing list. An invite will be sent to our Insurance mailing list closer to the date.

IPSA

We are also publishing an IPSA Review feedback statement; this relates to the recent consultation on the Scope of the Act and the treatment of overseas insurers. This document can be found on the IPSA Review page.

Jul 2021 AML-CFT

AML/CFT supervisors have updated Explanatory Note to the Amended IVCOP

• Read the 2021 Explanatory Note to the Amended IVCOP (563KB)

Jul 2021 AML-CFT

AML/CFT supervisors have published guidance in relation to the use of Birth Certificates with redacted information when conducting customer due diligence

• Read the Factsheet on Birth Certificates with Redacted Information (552KB)

Jul 2021 AML-CFT

Transitional compliance period for new regulation relating to nominee directors and nominee general partners

• Read the transitional compliance period for new regulation relating to nominee directors and nominee general partners (PDF 367KB)

May 2021 Banks

The Reserve Bank has published revised versions of its Banking Handbook documents BS13 and BS13A that set out the liquidity policy applying to registered banks.

More information can be found on the Banking Supervision Handbook page