CAPI 2.3.1 Preparation of prudential returns

(1) A firm that is a QFC captive insurer must prepare the annual 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 written notice given to a firm—
(a) require the firm to prepare additional prudential returns; or
(b) exempt the firm from the requirement to prepare annual returns or a particular annual return.
(3) An exemption under subrule (2) (b) may be subject to conditions, restrictions or requirements.
(4) A firm given an exemption under subrule (2) (b) must comply with all conditions, restrictions and requirements to which the exemption is subject.
Derived from QFCRA RM/2011-1 (as from 1st July 2011)