News

  • Kyle Rudder on Oct 16, 2017

    The Segregated Cell Company - Rewards and Rating

    With the segregated cell company, Barbados enhanced its legislative framework in respect of insurance services, to provide for both the ability of a body corporate to establish and maintain separate accounts and also the establishment of segregated cell companies (“SCCs”).

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  • Jul 16, 2016

    Quarterly Financials

    The Commission intends through this Circular to provide information to insurers registered under the Insurance Act, Cap. 310 (the Act”) on the requirement under Sections 10 and 11 of the FSC Act. This Circular is not intended to substitute for nor replace any additional obligations mandated by the Act, its regulations or the FSC Act. Due to the dynamic nature of the various financial institutions that the Commission regulates, there may be the...

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  • Mar 03, 2016

    Incorporated Cell Companies

    The Financial Services Commission (“the Commission”) refers to recent legislation regarding Incorporated Cell Companies (ICCs). The Commission intends through this Circular to provide information to insurers regarding the fees, application and registration, licensing, capital and solvency requirements and financial reporting for ICCs.

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  • Sep 26, 2014

    Segregated Cell Companies

    The Financial Services Commission (“the Commission”) intends through this Circular to provide information to insurers registered under the Insurance Act, Cap. 310 and the Exempt Insurance Act. Cap 308A on the requirement for submitting audited financial statements for Segregated Cell Companies. This Circular is not intended to be a substitute nor replace any additional obligations mandated by the Act, its regulations or the Financial Services ...

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  • Mar 27, 2012

    Role of the Approved Auditor

    This circular is intended to provide information and highlight the enhanced duties and responsibilities of the auditor as set out in the provisions of the FSC Act and related legislation. The Financial Services Commission seeks to ensure that the auditors approved by the Commission possess sound knowledge and understanding of the obligations of the approved auditor and receive guidance in their approach in fulfilling those obligations.

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