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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 57 Limitations on Bank with respect to its supervisory functions under these Regulations

(1) In performing its supervisory functions under these Regulations, the Bank may not, except as provided by rules in force under Regulation 39 or 61, require an authorised reinsurance undertaking or SPRV to submit for prior authorisation or to systematically notify -

(a) general and special policy conditions, or

(b) scales of premiums, or

(c) forms or other printed documents that the undertaking or SPRV intends to use when entering into cessions with insurance or reinsurance undertakings.

(2) Nothing in these Regulations prevents the Bank from requiring a reinsurance undertaking or SPRV -

(a) to produce to the Bank for approval the memorandum and articles of association of the undertaking or SPRV, or

(b) to produce documents that the Bank requires in the ordinary course of performing its supervisory functions under these Regulations.

Comparing proposed amendment...