PIN App10.5 Guidance

1. The Statement by Directors forms a part of the Annual Regulatory Return or the Quarterly Regulatory Return. By providing these statements, the directors confirm that the Returns have been properly prepared and that the Insurer complies with applicable prudential rules.
2. The Statement by Directors is set out as statements that must be made, but circumstances may arise when a statement cannot be made because it would be untrue to do so. Under such circumstances this section provides for the directors to provide an explanation in place of the omitted statement.
Derived from DFSA RM44/2007 (Made 1st June 2007). [VER5/06-07]
[Amended] DFSA RM51/2007 (Made 1st November 2007). [VER8/11-07]