• PINS Part 1.4 PINS Part 1.4 Prudential returns

    Editorial changes (as from 1 January 2015).

    • PINS 1.4.1 Preparation of prudential returns

      (1) An insurer must prepare the annual, biannual and quarterly prudential returns that it is required to prepare by the Regulatory Authority by written notice published on an approved website.
      (2) The Regulatory Authority may, by notice given to an insurer—
      (a) require the insurer to prepare additional prudential returns; or
      (b) exempt the insurer from the requirement to prepare annual, biannual or quarterly returns or a particular annual, biannual or quarterly return.
      (3) An exemption under subrule (2) (b) may be subject to conditions, restrictions or requirements.
      (4) An insurer given an exemption under subrule (2) (b) must comply with all conditions, restrictions and requirements to which the exemption is subject.
      Amended by QFCRA RM/2012-5 (as from 1st July 2013).

    • PINS 1.4.2 [Deleted]

      [Deleted]

      Deleted by QFCRA RM/2010-04 (as from 1st October 2010)

    • PINS 1.4.3 [Deleted]

      Deleted by QFCRA RMI/2008-2 (as from 1st October 2008).

    • PINS 1.4.4 [Deleted]

      Deleted by QFCRA RMI/2008-2 (as from 1st October 2008).

    • PINS 1.4.5 [Deleted]

      [Deleted]

      Deleted by QFCRA RM/2010-04 (as from 1st October 2010)

    • PINS 1.4.2 Time limit for annual prudential returns of insurers

      An insurer must give an annual prudential return to the Regulatory Authority within 3 months after the day the relevant financial year of the insurer ends.

      Example

      If a financial year of an insurer ends on 31 December in a year, the annual prudential return for the year must be given to the Regulatory Authority before 1 April of the next year.
      Amended by QFCRA RM 2019-1 (as from 28th March 2019).

    • PINS 1.4.3 Time limit for biannual prudential returns of insurers

      (1) An insurer must give a biannual prudential return to the Regulatory Authority within 1 month after the day the relevant standard biannual period ends.
      Example

      If a standard biannual period ends on 30 June in a year, the biannual prudential return for the period must be given to the Regulatory Authority before 1 August in the year.
      (2) In this rule:

      standard biannual period means the 6-month period ending on 30 June or 31 December.
      Amended by QFCRA RM 2019-1 (as from 28th March 2019).

    • PINS 1.4.4 PINS 1.4.4 Time limit for quarterly prudential returns of insurers

      (1) An insurer must give a quarterly prudential return to the Regulatory Authority within 1 month after the day the relevant standard quarter ends.
      Example

      If a standard quarter ends on 31 March in a year, the quarterly prudential return for the period must be given to the Regulatory Authority before 1 May in the year.
      (2) In this rule:

      standard quarter means the 3-month period ending on 31 March, 30 June, 30 September or 31 December.
      Amended by QFCRA RM 2019-1 (as from 28th March 2019).

      • PINS 1.4.8 Guidance [Deleted]

        Deleted by QFCRA RM02/2009 (as from 6th December 2009).