Looking forward
REGULATION TIMELINE
Independent Commission on
Banking to make recommendations to promote stability and
competition in banking (UK)
Lloyd’s: Funds At Lloyd’s net interim profi t data due to be released on September 2 (UK)
Lloyd’s: The recommended date for submission of International Insurance Department (National Association of Insurance Commissioners) applications and fees for new syndicates that intend to write US surplus lines business (for January 1, 2012) is September 30 (UK)
SEPTEMBER Resolution 35.615 comes into
force in Argentina, meaning that authorised foreign reinsurers will be required, with some
exceptions, to establish a branch in the country to enable them
to continue issuing reinsurance contracts from their own
jurisdiction. This has to done by September 1 (Latin America)
NAIC due to begin the prioritisation of risks in the risk-based capital formula for evaluation, as part of its project on risk-based capital requirements (US)
NAIC due to begin the development of a plan for the modifi cation to the formulas to implement missing signifi cant risk charges, as part of a wider project looking at risk-based capital requirements (US)
The Legal Services Act is being
altered to allow alternative business structures to be created (UK)
Lloyd’s: Managing agents to
complete and submit Canadian DCAT data request (UK)
The Workplace Retirement Income Commission will report its fi ndings in relation to workplace saving (UK)
OCTOBER
Joint meeting of EIOPA Insurance & Reinsurance Stakeholder Group and EIOPA Occupational Pensions Stakeholder Group (EU)
8 | INTELLIGENT INSURER | September 2011
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