CIB 2.3.1 Purpose

(1) In this Rule 2.3 and the forms as specified by the Regulator from time to time, unless the term 'annual Regulatory Return' or 'quarterly Regulatory Return' is used, the term 'Return' includes both of those Returns.
(2) The Regulator may, by written notice given to a Captive Insurer:
(a) require the firm to prepare additional prudential returns; or
(b) exempt the firm from the requirement to prepare Returns or a particular Return.
(3) An exemption under Rule 2.3.1(2)(b) may be subject to conditions, restrictions or requirements. A Captive Insurer given an exemption under Rule 2.3.1(2)(b) must comply with all conditions, restrictions and requirements to which the exemption is subject.
Amended on (3 February, 2020).