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Legal Update

Global Corporate Insurance & Regulatory Bulletin

April 2013
Mayer Brown Legal Update
In this issue: China: China Insurance Regulatory Commission raises cap for domestic investors in insurers; China: Insurers must implement new anti-money laundering rules by 2015; Hong Kong: Effect of new data privacy rules on direct marketing by insurance companies; Hong Kong: Launch of Risk-based Capital Model; Myanmar: Update on Insurance Industry; Singapore: Amendments to the Insurance Act; Singapore: Financial Holding Company Act 2013; UK: Chief Executive of the Prudential Regulation Authority ("PRA") voices concerns over the implementation of the Solvency II directive; UK: Director of Supervision for the FCA delivers speech on the importance of culture as the driving behaviour of firms and how the FCA will assess this; US: NAIC Spring 2013 National Meeting; US: Update on the NAIC Solvency Modernization Initiative (E) Task Force and its Working Groups; US: Reinsurance (E) Task Force and the NAIC List of Qualified Jurisdictions; US: Federal Home Loan Bank Legislation (E) Subgroup; US: Mortgage Guaranty Insurance (E) Working Group; US: President Obama's 2014 Fiscal Year Budget Proposes Deduction for Reinsurance Premiums Paid to Non-US Affiliates; Argentina: Amendments to Argentinean Insurance Laws

Authors

  • David W. Alberts
    T +1 212 506 2611
  • Lawrence R. Hamilton
    T +1 312 701 7055

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