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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2006 - onwards
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Regulation 53 Bank to be responsible for enforcing continued compliance with obligations

(1) The Bank shall take all appropriate measures in order to be satisfied that an authorised reinsurance undertaking or SPRV is complying with, or is able to continue to comply with, its obligations under these Regulations and any rules prescribed by the Bank in accordance with these Regulations.

(2) In performing its function under paragraph (1), the Bank has power to do either or both of the following:

(a) to make detailed enquiries regarding the business of an authorised reinsurance undertaking or SPRV;

(b) to take any measures with respect to an authorised reinsurance undertaking or SPRV, or the officers who control it, that are appropriate and necessary to ensure that the undertaking or SPRV complies with these Regulations and with any other laws with which the undertaking or SPRV is required to comply.

(3) For the purpose of making enquiries of the kind referred to in paragraph (2) (a), the Bank may -

(a) gather information or require the submission of documents concerning reinsu

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