W557/2018 — Berkshire Hathaway Specialty Insurance Company
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WAIVER NOTICE
To | Berkshire Hathaway Specialty Insurance Company |
Address |
Unit 2106-B, Level 21, Index Tower, DIFC, P.O. Box 506861, Dubai, UAE |
DFSA Firm Reference No. | F004309 |
Notice No. | W557/2018 |
THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
RULES WAIVED
Rulebook Module | Rule |
PIN Chapter 4 | Rules 4.3.2 - 4.3.4 (inclusive)(Capital) |
PIN Chapter 6 | Rule 6.2.4 (Financial Reporting) |
PIN Chapter 7 | All sections (Actuaries) |
CONDITIONS
The waiver in respect of the Rules specified above remains in effect for the duration of the period set out below on condition that the above named Person to whom this notice applies provides the following documents and information in the English language to the DFSA within ten business days of the date they are due to be submitted to its home state Financial Services Regulator:
If any one or more of the conditions stated above are breached, this notice ceases to have effect forthwith and the Rules specified in the table herein apply to the above mentioned Person in the form set out in the applicable module of the Rulebook in force at the relevant time.
EFFECTIVE PERIOD
This notice comes into effect on the date of issue and remains in force until further notice.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
THIS NOTICE IS ISSUED UNDER ARTICLE 25 OF THE REGULATORY LAW 2004 BY:
Name: | Bryan Stirewalt |
Position: | Managing Director, Supervision |
DATE OF ISSUE: | 12 February 2018 |