Where the format of a form requires the presentation of comparative information, the comparative information shall be presented according to the following principles:
(a) In the case of a form forming part of the annual Regulatory Return, the comparative information shall be that presented in the annual Regulatory Return for the previous reporting period.
(b) In the case of a form forming part of the quarterly Regulatory Return, the comparative information shall be that presented in the quarterly Regulatory Return for the corresponding quarter in the previous calendar year.
(c) Comparative information shall be presented unless:
(i) the Insurer did not exist at any time during the comparative period (whether or not it was an Insurer);
(ii) in the case of a Cell Return or a Fund Return, the Cell or Long-Term Insurance Fund to which the Return relates did not exist at any time during the comparative period; or
(iii) so far only as concerns ADGM Business Return, in the case of an Insurer that is not an ADGM Incorporated Insurer, the Insurer was not at any time an Insurer during the comparative period.
(d) An Insurer that is required to present comparative information in a Return, and that was not required to prepare a Return in respect of the comparative period, must present comparative information that would have been presented in the Return covering the comparative period, if the Insurer had been required to prepare that Return.
(e) Comparative information shall not be changed from the time it was first presented, unless re-presentation is necessary for the interpretation of the Return. Where comparative information is changed, the Insurer must include in the Return a Supplementary Note showing the nature of the change and the reason for it.
|Amended on (3 February, 2020).|