BMA

Consultation Paper

384 published document(s) from Bermuda Monetary Authority.

CitationStatusSummary
2019 Year-End Filing Requirements for Insurance GroupsIssuedThis document sets out the Bermuda Monetary Authority's filing requirements for insurance groups for the 2019 financial year end, covering the Group Statu…
A Bill entitled Investment Business Amendment Act 2012DraftThis is a draft Bill that would amend Bermuda's Investment Business Act 2003 to significantly expand the Bermuda Monetary Authority's supervisory and disc…
A Bill entitled Trusts (Regulation of Trust Business) Amendment Act 2012DraftThis is a draft bill that would amend the Trusts (Regulation of Trust Business) Act 2001 to significantly expand the Bermuda Monetary Authority's discipli…
AIFM Consultation Paper December 2015DraftThis is a Bermuda Monetary Authority consultation paper, issued in December 2015, seeking industry feedback on a proposed Bermuda Alternative Investment F…
AML/ATF Guidance Notes Consultation - Comment and Resolution (Updated August 2016)IssuedThis document is the Bermuda Monetary Authority's consolidated table of stakeholder comments on the draft AML/ATF Guidance Notes (issued for consultation…
Alternative Investment Fund Managers Rules 2015 (Discussion Draft, 21 December 2015)DraftThis is a discussion draft (dated 21 December 2015) of proposed Rules that the Bermuda Monetary Authority would make under section 19H of the Investment B…
Annual Statutory Return - Captive DualIssuedNo extractable text (blank/binary file); nothing to summarize.
Annual Statutory Return - Class 1,2,3IssuedNo extractable text (blank/binary file); nothing to summarize.
Annual Statutory Return - LongTermIssuedNo extractable text (blank/binary file); nothing to summarize.
Annual Statutory Return - Special Purpose InsurerIssuedNo extractable text (blank/binary file); nothing to summarize.
Appendix C - Discussion Paper - Climate Risk Disclosure - Response Form – 2024IssuedNo extractable text (blank/binary file); nothing to summarize.
Appendix C – Discussion Paper – Climate Risk Disclosure – Response Form – 2023IssuedNo extractable text (blank/binary file); nothing to summarize.
BMA Outsourcing Consultation Paper (2018-11-05)DraftThis is a consultation paper in which the Bermuda Monetary Authority (BMA) proposes new prudential guidance on outsourcing, intended to take effect from 1…
BSCR Update Proposal March 2017DraftThis is a Bermuda Monetary Authority consultation paper (still in draft/consultation status) proposing a package of updates to the Bermuda Solvency Capita…
BSCR Update Proposal March 2018DraftThis is a Bermuda Monetary Authority consultation paper proposing an update to the Bermuda Solvency Capital Requirement (BSCR) standard formula. It follow…
BSCR Update Proposal November 2017IssuedThis is a Bermuda Monetary Authority consultation paper proposing a further round of updates to the Bermuda Solvency Capital Requirement (BSCR) standard f…
Banks and Deposit Companies Amendment Act 2012 (Bill)DraftThis is a draft Bill that would amend Bermuda's Banks and Deposit Companies Act 1999 to significantly expand the Bermuda Monetary Authority's enforcement…
Brokers and Agents Annual Return Template 2018IssuedNo extractable text (blank/binary file); nothing to summarize.
CP - Amendment to the Group Supervision Rules (May 2021)DraftThis is a BMA consultation paper proposing amendments to the Insurance (Group Supervision) Rules 2011, to align them with the new Insurance Sector Operati…
CP - Digital Asset Issuance Rules 2020DraftThis is a consultation draft of the Digital Asset Issuance Rules 2020, published by the Bermuda Monetary Authority (BMA) under the Digital Asset Issuance…
CP - Monetary Lending Activities (2018-02)DraftThis is a February 2018 joint consultation paper from the National Anti-Money Laundering Committee (NAMLC) and the Bermuda Monetary Authority (BMA), propo…
CP - Proposed Legislative Amendments - Enforcement and Supervisory Matters (2018-02)DraftThis is a joint consultation paper from the National Anti-Money Laundering Committee (NAMLC) and the Bermuda Monetary Authority proposing amendments to th…
CP - Segregated Accounts Companies and AML/ATF Risks (May 2018)DraftThis is a Bermuda Monetary Authority consultation paper, issued on behalf of Bermuda's National Anti-Money Laundering Committee, proposing to tighten AML/…
CP on Enhancements to Bermuda's Insurance Regulatory Regime for Commercial Insurers and Groups (April 2015)DraftThis is a 2015 BMA consultation paper proposing a package of enhancements to the regulatory and supervisory framework for commercial insurers (Class 3A, 3…
Catastrophe Risk Return (Cat Return) Guidelines for Consultation (July 2010)DraftThis is a Bermuda Monetary Authority consultation paper setting out draft guidelines for a new annual Catastrophe Risk Return (Cat Return), intended to be…
Class 3A 2024 BSCRIssuedNo extractable text (blank/binary file); nothing to summarize.
Class 3A BSCR 2016 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Class 3A BSCR 2017IssuedNo extractable text (blank/binary file); nothing to summarize.
Class 3B 2024 BSCRIssuedNo extractable text (blank/binary file); nothing to summarize.
Class 3B BSCR 2016 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Class 3B BSCR 2017IssuedNo extractable text (blank/binary file); nothing to summarize.
Class 4 2024 BSCRIssuedNo extractable text (blank/binary file); nothing to summarize.
Class 4 BSCR 2016 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Class 4 BSCR 2017IssuedNo extractable text (blank/binary file); nothing to summarize.
Class C 2024 BSCRIssuedNo extractable text (blank/binary file); nothing to summarize.
Class C BSCR 2016 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Class C BSCR 2017 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Class D 2024 BSCRIssuedNo extractable text (blank/binary file); nothing to summarize.
Class D BSCR 2016 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Class D BSCR 2017 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Class D2024 BSCRIssuedNo extractable text (blank/binary file); nothing to summarize.
Class E 2024 BSCRIssuedNo extractable text (blank/binary file); nothing to summarize.
Class E BSCR 2016 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Class E BSCR 2017 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Comments Summary Form-Explanatory Memorandum-Banks and Deposit Companies Amendment Act 2012, Trusts (Regulation of TrustIssuedNo extractable text (blank/binary file); nothing to summarize.
Commercial Insurer Risk Assessment (CIRA) Procedures - Class 4 Insurers Operational Risk Consultation Paper (2008-06-18)DraftThis is a Bermuda Monetary Authority consultation paper proposing procedures for the Commercial Insurer Risk Assessment (CIRA) that Class 4 insurers will…
Consolidation of Comments/Responses on AML/ATF General Guidance Notes (2016-06-03)IssuedThis document is a consolidation of stakeholder comments received during the BMA's consultation on the revised AML/ATF General Guidance Notes for Regulate…
Consultation Comments - AML/ATF Schedule XVIII (2016-06-21)IssuedThis is a BMA consultation feedback document responding to industry comments on Schedule XVIII, the new Anti-Money Laundering and Anti-Terrorism Financing…
Consultation Comments - Insurance Amendment Act 2016 (Insurance Managers and Other Matters)IssuedThis document is a BMA notice publishing its responses to comments received on the 2016 consultation paper on the Insurance Amendment Act 2016 (Insurance…
Consultation Comments Form - Consultation Paper - Corporate Governance PolicyIssuedNo extractable text (blank/binary file); nothing to summarize.
Consultation Comments Summary Form - Consultation Paper - Agents and Brokers Code of ConductIssuedNo extractable text (blank/binary file); nothing to summarize.
Consultation Comments Summary Form - Consultation Paper - Economic Balance Sheet FrameworkIssuedNo extractable text (blank/binary file); nothing to summarize.
Consultation Comments Summary Form - Consultation Paper - Investment Funds Act 2006IssuedNo extractable text (blank/binary file); nothing to summarize.
Consultation Paper (Appendix 1) - Investment Business Act 2003 General Business Conduct and Practice Code of ConductDraftThis is Appendix I to a Bermuda Monetary Authority consultation paper, containing a draft General Business Conduct and Practice Code of Conduct issued und…
Consultation Paper - AML/ATF Guidance Notes for Trust BusinessDraftThis is a consultation draft of Sector-Specific Guidance Notes (SSGN) for Trust Business, issued by the Bermuda Monetary Authority as Annex I to the gener…
Consultation Paper - AML/ATF Sectoral Guidance Notes for Digital Assets Business (Annex VIII SSGN)DraftThis is a draft consultation document from the Bermuda Monetary Authority setting out proposed Sector-Specific Guidance Notes (SSGN) for Digital Asset Bus…
Consultation Paper - AML/ATF Sectoral Guidance Notes for Money Service BusinessIssuedThis is a BMA consultation paper setting out draft Sector-Specific Guidance Notes (Annex VII) for Money Service Business (MSB), intended to supplement the…
Consultation Paper - Amendments to BMA Act 1969 (2021-09-17)DraftThis is a Bermuda Monetary Authority consultation paper proposing amendments to the Bermuda Monetary Authority Act 1969 and its Fourth Schedule, following…
Consultation Paper - Amendments to Liquidity Coverage Ratio Outflow Rates for Specific Financial CounterpartiesDraftThis is a BMA consultation paper proposing changes to how local banks calculate deposit outflow rates in the Liquidity Coverage Ratio (LCR) for three spec…
Consultation Paper - Amendments to the Standardised Approach to Measuring Credit Risk Capital Charges for BanksDraftThis is a BMA consultation paper proposing to adopt the Basel III revised standardised approach (RSA) for calculating credit risk capital charges, replaci…
Consultation Paper - Amendments to the Third Schedule of the Banks and Deposit Companies Act 1999 (2020-08-21)DraftThis is a BMA consultation paper proposing amendments to the Third Schedule of the Banks and Deposit Companies Act 1999 to expand the permitted customer b…
Consultation Paper - Asset Tokenisation (2026-04-09)DraftThis is a Bermuda Monetary Authority (BMA) consultation paper proposing a regulatory framework for asset tokenisation, building on a November 2025 Discuss…
Consultation Paper - BSCR Changes (April 2015)IssuedThis is a Bermuda Monetary Authority consultation paper proposing changes to the Bermuda Solvency Capital Requirement (BSCR) standard formula to make it m…
Consultation Paper - Banks and Deposit Companies Code of Conduct (2021-09)DraftThis is a Bermuda Monetary Authority consultation paper proposing a new Code of Conduct for banks and deposit companies, to be issued under a new section…
Consultation Paper - Call for Proposal - Embedded Supervision in the context of Decentralised Finance (2025-02-03)IssuedThis is a call for proposals from the Bermuda Monetary Authority's Innovation Hub inviting interested parties to submit pilot project proposals testing Em…
Consultation Paper - Conduct of Business Regulatory Regime: Digital Asset Business Act 2018 Code of Practice & Client Disclosure Amendment Rules 2022 (2022-10-19)DraftThis is a Bermuda Monetary Authority consultation paper seeking industry feedback on proposed amendments to two instruments under the Digital Asset Busine…
Consultation Paper - Conduct of Business Regulatory Regime: Revisions to the Insurance Code of Conduct (September 2021)IssuedThis is a Bermuda Monetary Authority consultation paper (September 2021) seeking industry feedback on proposed revisions to Section 8 (Conduct of Business…
Consultation Paper - Corporate Governance Policy (December 2012)DraftThis is a Bermuda Monetary Authority consultation paper, not a final rule. It sets out a draft Corporate Governance Policy of nine principles and guidance…
Consultation Paper - Corporate Governance Policy (Trust/Investment Business/Investment Funds Acts) (December 2012)DraftThis is a Bermuda Monetary Authority consultation paper proposing a Corporate Governance Policy for entities licensed under the Trust (Regulation of Trust…
Consultation Paper - Corporate Governance Policy for Corporate Service Provider Business Act 2012 (June 2015)DraftThis is a June 2015 consultation paper in which the Bermuda Monetary Authority sets out a proposed Corporate Governance Policy for entities licensed under…
Consultation Paper - Corporate Service Provider Business Amendment Act 2019 (with Bill) (2019-06-03)DraftThis is a Bermuda Monetary Authority consultation paper, with a draft Bill attached, proposing amendments to the Corporate Service Provider Business Act 2…
Consultation Paper - Cyber Risk Management Code of ConductDraftThis is a Bermuda Monetary Authority consultation paper seeking comment on a proposed Operational Cyber Risk Management Code of Conduct. The draft Code, a…
Consultation Paper - DAB Operational Cyber Risk CodeDraftThis is a Bermuda Monetary Authority consultation notice inviting comment on a draft new Digital Asset Business Operational Cyber Risk Management Code of…
Consultation Paper - Designating the Head of an Internationally Active Insurance Group (2022-05)DraftThis is a Bermuda Monetary Authority consultation paper proposing amendments to the Insurance Act 1978 that would give the Authority power to designate th…
Consultation Paper - Designating the Head of an Internationally Active Insurance Group (May 2022)DraftThis is a Bermuda Monetary Authority consultation paper proposing amendments to the Insurance Act 1978 to establish a process for designating the Head of…
Consultation Paper - Digital Asset Business Amendment Act 2020 (2020-08-07)DraftThis is a Bermuda Monetary Authority consultation paper seeking industry feedback on a draft Digital Asset Business Amendment Act 2020, which would amend…
Consultation Paper - Digital Asset Business Amendment Act 2021DraftThis is a Bermuda Monetary Authority consultation paper (November 2021) seeking industry feedback on proposed amendments to the Digital Asset Business Act…
Consultation Paper - Economic Balance Sheet Framework (December 2014)DraftThis is a Bermuda Monetary Authority consultation paper proposing a new Economic Balance Sheet (EBS) framework for regulatory reporting and solvency asses…
Consultation Paper - Enhancement of the Enforcement Process (2020-08-14)DraftThis is a BMA consultation paper proposing changes to how the Authority investigates and disciplines regulated financial and non-financial institutions (R…
Consultation Paper - Enhancements to the Investment Business Regime (2021-06-10)DraftThis is a Bermuda Monetary Authority consultation paper proposing wide-ranging reforms to the Investment Business Act 2003 regime. It sets out illustrativ…
Consultation Paper - Framework Enhancements Introducing Sustainability Disclosures and Prohibition on the Use of Misleading Fund Names (2025-09-02)DraftThis is a BMA consultation paper proposing two related enhancements to Bermuda's investment funds regulatory framework: new sustainability-related disclos…
Consultation Paper - Fund Administration Provider Business Act 2019 (Code of Practice and Statement of Principles) (2020-03-31)DraftThis is a Bermuda Monetary Authority consultation paper releasing draft versions of a Code of Practice and a Statement of Principles under the Fund Admini…
Consultation Paper - Funding Agreements (2015-07)IssuedThis is a Bermuda Monetary Authority consultation paper proposing to amend the Insurance Act 1978 to bring 'funding agreements' (also known as capital red…
Consultation Paper - General Regulatory Sandbox Guidance NoteIssuedThis is a Bermuda Monetary Authority consultation paper setting out draft guidance for its General Regulatory Sandbox (GRS) and Innovation Hub, explaining…
Consultation Paper - General Regulatory Sandbox Guidance Note (2021-11-24)IssuedThis is a Bermuda Monetary Authority (BMA) consultation paper setting out draft guidance for its General Regulatory Sandbox (GRS) and Innovation Hub. The…
Consultation Paper - Guidance Note #20 Special Purpose InsurersDraftThis is a 2009 Bermuda Monetary Authority consultation paper attaching draft Guidance Note #20 on Special Purpose Insurers (SPIs), the licensing class cre…
Consultation Paper - Guidance Note on Actuary's Opinion on EBS Technical Provisions (December 2015)IssuedThis is a Bermuda Monetary Authority consultation paper seeking industry comment on a draft Guidance Note setting out the Authority's expectations for the…
Consultation Paper - Guidance Note on the Use of Recognised Stablecoins within Bermuda Insurance, ILS and Investment Fund Structures (2026-07-20)DraftThis is a Bermuda Monetary Authority consultation paper seeking industry feedback on a proposed Guidance Note that would set out the Authority's superviso…
Consultation Paper - Introduction of the Concept of IAIG Proposal (2020-12)DraftThis is a consultation paper issued by the Bermuda Monetary Authority (BMA) proposing to introduce the concept of an Internationally Active Insurance Grou…
Consultation Paper - Legislative Enhancements to Innovative Classes, Introduction of Innovative Long-Term Insurer Class (Class IILT) and Section 24 Separate Accounts (May 2022)DraftThis is a Bermuda Monetary Authority consultation paper proposing legislative changes to the Insurance Act 1978 to create a new innovative insurer class f…
Consultation Paper - Money Service Business Framework (2015-12)DraftThis is a Bermuda Monetary Authority consultation paper proposing a new standalone Act to replace the current Money Service Business (MSB) regime under Se…
Consultation Paper - New Insurer Class - Parametric Special Purpose Insurance (2026-01-21)DraftThis is a Bermuda Monetary Authority consultation paper proposing to amend the Insurance Act 1978 to create a new Special Purpose Insurer (SPI) sub-class…
Consultation Paper - Operational Resilience and Outsourcing Package (2025-01-14)DraftThis is a BMA consultation paper seeking industry feedback on a proposed Operational Resilience and Outsourcing Code and accompanying Guidance Notes. It s…
Consultation Paper - Operational Risk (2022)DraftThis is a Bermuda Monetary Authority consultation paper proposing to adopt the Basel III revised standardised approach (RSA) for calculating banks' operat…
Consultation Paper - Output Floor for BanksDraftThis consultation paper sets out the Bermuda Monetary Authority's proposal to adopt the Basel III output floor for banks. The output floor requires that a…
Consultation Paper - Proposal for a Conduct of Business Regulatory Regime (December 2020)DraftThis is a consultation paper in which the Bermuda Monetary Authority (BMA) sets out a proposal to create a new conduct of business regulatory regime for f…
Consultation Paper - Proposals for a Special Resolution Regime for Deposit-Taking Institutions in Bermuda (September 2011)DraftThis is a Bermuda Monetary Authority consultation paper setting out proposals for a new Special Resolution Regime (SRR) to allow prompt and effective reso…
Consultation Paper - Proposed Adoption of the Revised Operational Risk Principles for BanksDraftThis consultation paper sets out the Bermuda Monetary Authority's proposal to replace its 2007 Guidance on operational risk with a framework based on the…
Consultation Paper - Proposed Amendment to the Investment Funds Act 2006 (2018-04-13)DraftThis is a BMA consultation paper proposing an amendment to the Investment Funds Act 2006 that would let a Class A Exempt Fund be automatically exempt from…
Consultation Paper - Proposed Amendments for the Regulation of Investment Exchanges and Clearing HousesDraftThis BMA consultation paper proposes amendments to Part IV of the Investment Business Act 2003, which governs the recognition and oversight of investment…
Consultation Paper - Proposed Amendments to Insurance Code of Conduct, Insurance (Group Supervision) Rules 2011 and Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011 (2026-06-09)DraftThis is a Bermuda Monetary Authority consultation paper proposing amendments to the Insurance Code of Conduct, the Insurance (Group Supervision) Rules 201…
Consultation Paper - Proposed Amendments to the Banks and Deposit Companies Act 1999 with Illustrative Draft BillDraftThis is a Bermuda Monetary Authority consultation paper proposing amendments to the Banks and Deposit Companies Act 1999 (BDCA), accompanied by an illustr…
Consultation Paper - Proposed Amendments to the Digital Asset Business (DAB) Act 2018 and the DAB (Prudential Standards) (Annual Return) Rules 2018 (2024-10)DraftThis is a BMA consultation paper proposing amendments to the Digital Asset Business Act 2018 (DABA) and the Digital Asset Business (Prudential Standards)…
Consultation Paper - Proposed Amendments to the Exchange Control Act 1972 and Exchange Control Regulations 1973 (2018-02-01)DraftThis is a joint Ministry of Finance and Bermuda Monetary Authority consultation paper proposing amendments to the Exchange Control Act 1972 and the Exchan…
Consultation Paper - Proposed BMA Act 1969 General Powers and Fee-Related Changes and BMA Amendment Bill 2024 - Illustrative Draft (2024-07-10)DraftThis is a BMA consultation paper seeking stakeholder feedback on proposed amendments to the Bermuda Monetary Authority Act 1969 and an accompanying illust…
Consultation Paper - Proposed Changes to the Statutory Financial Statements Reporting Framework for Commercial Insurers and Insurance Groups - IFRS 17 Considerations (2023-05)DraftThis BMA consultation paper sets out proposed changes to the Statutory Financial Statements (SFS) reporting framework for commercial insurers and insuranc…
Consultation Paper - Proposed Enhancements to Public Disclosure Regime - Public Disclosure of Assets and Liabilities for Commercial Long-term Insurers (2024-12-23)DraftThis consultation paper sets out BMA proposals to require Bermuda commercial long term insurers (Class C, D and E) to publicly disclose detailed informati…
Consultation Paper - Proposed Enhancements to Supervisory Powers within the Investment Funds Act 2006 (April 2023)DraftThis is a Bermuda Monetary Authority (BMA) consultation paper proposing enhancements to its supervisory and enforcement powers under the Investment Funds…
Consultation Paper - Proposed Enhancements to the Corporate Service Provider Business Act 2012 (2024-06)DraftThis is a Bermuda Monetary Authority consultation paper proposing a wide-ranging set of amendments to the Corporate Service Provider Business Act 2012, pr…
Consultation Paper - Proposed Enhancements to the Insurance Group Supervision Framework (2024-12-04)DraftThis is a Bermuda Monetary Authority consultation paper proposing changes to the insurance group supervision framework under the Insurance Act 1978. It se…
Consultation Paper - Proposed Enhancements to the Investment Business Regime: General Business Conduct and Practice: Code of Conduct and Advertising Code of Conduct (February 2022)DraftThis is a Bermuda Monetary Authority consultation paper proposing to merge the existing Investment Business General Business Conduct and Practice Code and…
Consultation Paper - Proposed Enhancements to the Investment Business Regime: Regulations and Rules (2021-09-17)DraftThis is a Bermuda Monetary Authority consultation paper proposing amendments to the Investment Business Regulations 2004 and the Investment Business (Clie…
Consultation Paper - Proposed Enhancements to the Regulatory Regime and Fees for Commercial Insurers (2023-02-24)DraftThis is a Bermuda Monetary Authority consultation paper proposing targeted enhancements to the prudential regime for commercial insurers, together with re…
Consultation Paper - Proposed Enhancements to the Regulatory Regime for Commercial Insurers (2023-07-28)DraftThis is a BMA consultation paper (CP2) proposing further enhancements to the regulatory and supervisory regime for commercial insurers and insurance group…
Consultation Paper - Proposed Fee Changes (August 2018)DraftThis is a Bermuda Monetary Authority consultation paper, issued in draft form, proposing a phased revision of fees charged to supervised financial institu…
Consultation Paper - Proposed Fee Changes October 2019DraftThis is a Bermuda Monetary Authority (BMA) consultation paper proposing revisions to fees charged under the BMA Act 1969 Fourth Schedule, intended to take…
Consultation Paper - Proposed Fee Changes for 2016DraftThis is a Bermuda Monetary Authority consultation paper proposing fee increases for 2016 under the Insurance Act 1978, with a comment deadline of 20 Novem…
Consultation Paper - Proposed Instructions and Guidance on the Application of the Prudent Person Principle (2024-12-04)DraftThis is a Bermuda Monetary Authority consultation paper proposing new Instructions and Guidance on how commercial insurers and insurance groups should app…
Consultation Paper - Proposed Introduction of Recovery Planning Regime for the Insurance Sector (June 2022)DraftThis is a Bermuda Monetary Authority consultation paper proposing a new recovery planning regime for the insurance sector. It sets out the Authority's int…
Consultation Paper - Proposed Payment Services Act (2025-08-29)DraftThis is a consultation paper from the Bermuda Monetary Authority proposing a new Payment Services Act (PSA) that would replace the Money Service Business…
Consultation Paper - Proposed Prudential Rules and Technical Standards for Class IILT Insurers, Enhancements for Class IIGB Insurers, Insurance Accounts Regulations 1980 and Insurance Returns and Solvency Regulations 1980 (2024-12-31)DraftThis is a Bermuda Monetary Authority consultation paper proposing a new prudential and technical rules framework for Class IILT (innovative long-term) ins…
Consultation Paper - Proposed Recovery Planning Rules for Bermuda Commercial InsurersDraftThis is a BMA consultation paper proposing new Recovery Planning Rules for the Bermuda commercial insurance sector, made under proposed powers in section…
Consultation Paper - Proposed Revisions to the Large Exposure Framework for BanksDraftThis is a Bermuda Monetary Authority consultation paper proposing revisions to the large exposure (LE) framework applicable to banks, aligning Bermuda's r…
Consultation Paper - Refinements to the Bermuda Solvency Capital Requirements (June 2013)IssuedThis is a Bermuda Monetary Authority consultation paper proposing refinements to the Bermuda Solvency Capital Requirement (BSCR) framework for insurers an…
Consultation Paper - Regulation of Corporate Service Providers (October 2011)DraftThis is a 2011 consultation paper in which the Bermuda Monetary Authority (BMA) sets out a proposed licensing regime for Corporate Service Providers (CSPs…
Consultation Paper - Regulation of Digital Identity Service Provider Business (2024-11-22)DraftThis is a Bermuda Monetary Authority consultation paper proposing a new licensing and supervisory regime for Digital Identity Service Providers (DISPs) th…
Consultation Paper - Regulation of Digital Identity Service Provider Business - Part II (2025-07-21)DraftThis is a Bermuda Monetary Authority (BMA) consultation paper (Part II) setting out a detailed proposed licensing framework for Digital Identity Service P…
Consultation Paper - Regulation of Virtual Currency Business (2018-04)IssuedThis is a 2018 consultation paper in which the Bermuda Monetary Authority (BMA) sets out proposals for a dedicated prudential and AML/ATF regulatory frame…
Consultation Paper - Repeal of Section 57(1)(a) of the Insurance Act 1978 (2014-06)DraftThis is a Bermuda Monetary Authority consultation paper proposing to repeal Section 57(1)(a) of the Insurance Act 1978, which currently exempts insurance…
Consultation Paper - Reporting Material Change for Groups by Designated Insurers (2013-06-05)DraftThis is a Bermuda Monetary Authority consultation paper seeking industry views on proposed amendments to the Insurance Act 1978 concerning how designated…
Consultation Paper - Revisions To The Insurance Code of Conduct (2021-12)DraftThis is a consultation paper issued by the Bermuda Monetary Authority proposing amendments to its Insurance Code of Conduct, which sets governance, risk m…
Consultation Paper - Revisions to the Insurance Code of Conduct (Appendix I) (2021-09)DraftThis is a Bermuda Monetary Authority consultation paper proposing revisions to Section 8 (Conduct of Business) of the Insurance Code of Conduct, following…
Consultation Paper - Securing Enhanced Protection for Depositors, Proposals for Introducing Deposit Insurance in Bermuda (2010-09)IssuedThis is a September 2010 consultation paper issued by the Bermuda Monetary Authority (BMA) proposing the introduction of a Deposit Insurance Scheme (DIS)…
Consultation Paper - Securing Enhanced Protection for Investors: Proposed Revisions to the Investment Funds Act 2006 (2010-05-21)DraftThis is a Bermuda Monetary Authority consultation paper proposing amendments to the Investment Funds Act 2006, aimed at strengthening investor protection…
Consultation Paper - The Corporate Service Provider Business Amendment Act 2019 (with Bill) (2019-06-03)DraftThis is a Bermuda Monetary Authority consultation paper (with draft Bill) proposing amendments to the Corporate Service Provider Business Act 2012, its Or…
Consultation Paper - The Trusts (Regulation of Trust Business) Amendment Act 2019 (with Bill)DraftThis is a Bermuda Monetary Authority consultation paper (3 June 2019) seeking comments on a draft Trusts (Regulation of Trust Business) Amendment Act 2019…
Consultation Paper Proposed Fee Changes October 2019DraftThis is a Bermuda Monetary Authority consultation paper proposing a package of fee changes to the Fourth Schedule of the Bermuda Monetary Authority Act 19…
Consultation Paper and Illustrative Draft - Bermuda Monetary Authority Act 1969 - Proposed Amendments to General Powers and Fee-Related Changes (2025-07-24)DraftThis is a Bermuda Monetary Authority consultation paper, with an illustrative draft amendment bill, proposing changes to the Bermuda Monetary Authority Ac…
Consultation Paper and Illustrative Draft - Corporate Service Provider Business Rules 2025DraftThis is a BMA consultation paper seeking industry feedback on proposed Corporate Service Provider Business Rules 2025, together with an illustrative draft…
Consultation Paper for Legacy Insurance Groups Accounting and Capital Treatment for Corporate Liabilities (2023-10-25)DraftThis is a Bermuda Monetary Authority consultation paper (guidance notes) proposing supervisory, accounting and capital treatment requirements for Bermuda-…
Consultation Paper on Audited GAAP Financial Statements (2007-10-19)IssuedThis is a 2007 consultation paper in which the Bermuda Monetary Authority proposes to require Class 4 (re)insurers to file audited GAAP financial statemen…
Consultation Paper on Bermuda Solvency Capital Requirement (BSCR) (2007-07-18)IssuedThis is a 2007 consultation paper in which the Bermuda Monetary Authority sets out proposals to replace the existing minimum solvency margin approach with…
Consultation Paper on Building Resources to Meet Advances in Global Insurance Supervision (2008-09-12)IssuedThis is a 2008 BMA consultation paper proposing changes to annual business fees and transaction fees for commercial insurers, aimed at funding the Authori…
Consultation Paper on Capital Add-On and Reduction Policy (2008-06-18)DraftThis is a 2008 BMA consultation paper proposing a framework for capital add-ons and capital reductions applicable to Class 4 insurers, tied to the introdu…
Consultation Paper on Commercial Insurer's Solvency Self Assessment (June 2010)DraftThis is a 2010 consultation paper in which the Bermuda Monetary Authority sets out its proposed approach to introducing a Commercial Insurer's Solvency Se…
Consultation Paper on Disclosure and Transparency (June 2009)DraftThis is a 2009 BMA consultation paper setting out a proposed phased enhancement to Bermuda's insurance disclosure and transparency regime. It focuses init…
Consultation Paper on Disclosures and Transparency (June 2010 Update)DraftThis is a 2010 Bermuda Monetary Authority consultation paper setting out a phased plan to enhance public and regulatory disclosure requirements for commer…
Consultation Paper on Eligible Capital (December 2010)IssuedThis is a 2010 consultation paper in which the Bermuda Monetary Authority sets out a proposed three tiered eligible capital system for insurers, intended…
Consultation Paper on Eligible Capital (September 2009)IssuedThis is a 2009 Bermuda Monetary Authority consultation paper proposing a new tiered capital system to determine which capital instruments count as regulat…
Consultation Paper on Enhancements to the Regulatory and Supervisory Regime for Commercial Insurers (January 2012)IssuedThis is a Bermuda Monetary Authority consultation paper (January 2012) seeking industry feedback on proposed enhancements to the regulatory and supervisor…
Consultation Paper on Implementation of Bermuda Reporting Regime for Commercial Insurers and Insurance Groups (September 2015)DraftThis is a 2015 BMA consultation paper proposing an overhaul of the statutory reporting framework for commercial insurers and insurance groups, aiming to a…
Consultation Paper on Internal Models (2007-07-18)IssuedThis is a 2007 Bermuda Monetary Authority consultation paper proposing a framework allowing Class 4 insurers to use company specific internal models, inst…
Consultation Paper on Minimum Margin of Solvency (2012-09-20)DraftThis is a consultation paper in which the Bermuda Monetary Authority proposes to introduce a floor on the minimum margin of solvency (MSM) for commercial…
Consultation Paper on New Insurers and Insurance Market Place (2019-05-14)IssuedThis is a Bermuda Monetary Authority consultation paper proposing new regulatory classes for insurers and a new category of insurance intermediary. It see…
Consultation Paper on New Legislative Framework for Fund Administrators (Fund Administration Provider Business Act 2019)DraftThis is a Bermuda Monetary Authority (BMA) consultation paper proposing a new stand alone Fund Administration Provider Business Act 2019, which would repl…
Consultation Paper on POCA Amendments - July 2025DraftThis is a consultation paper issued by Bermuda's National Anti-Money Laundering Committee (NAMLC), under the Bermuda Monetary Authority's AML/ATF policy r…
Consultation Paper on Policyholder Protection with Draft Bill (June 2017)DraftThis is a Bermuda Monetary Authority consultation paper, with an attached draft Insurance Amendment Act 2017, proposing a formal policyholder protection m…
Consultation Paper on Proposed Amendments to Prudential Rules (March 2021)DraftThis is a Bermuda Monetary Authority consultation paper proposing changes to the asset reporting schedules used within the Bermuda Solvency and Capital Re…
Consultation Paper on Proposed Revisions to Beneficial Ownership Disclosures (2017-05-05)DraftThis is a joint consultation paper issued by Bermuda's Ministry of Finance, Ministry of Economic Development and the Bermuda Monetary Authority proposing…
Consultation Paper on Securing Enhanced Protection for Investors: Revised Code of Conduct for Investment Providers (2010-03-31)DraftThis is a Bermuda Monetary Authority consultation paper proposing a revised General Business Conduct and Practice Code of Conduct for investment providers…
Consultation Paper on a Solvency Framework for Long-Term Insurance (August 2010)DraftThis is a 2010 consultation paper in which the Bermuda Monetary Authority sets out proposals to overhaul the solvency framework for long-term (life) insur…
Consultation Paper on the Bermuda Monetary Authority's Proposed Insurance Groups Regulatory Framework (February 2010)DraftThis is a February 2010 BMA consultation paper setting out the Authority's proposed approach to group-wide supervision of insurance groups operating in or…
Consultation Paper on the Enhanced Reporting Requirements for Limited Purpose Insurers (January 2012)DraftThis is a Bermuda Monetary Authority consultation paper (January 2012, draft status) proposing enhanced statutory reporting requirements for limited purpo…
Consultation Paper on the Insurance Amendment Act 2014DraftThis is a Bermuda Monetary Authority consultation paper, issued October 2014, seeking industry feedback on a draft Insurance Amendment Act 2014 that would…
Consultation Paper on the Insurance Code of Conduct (September 2009)IssuedThis is a consultation paper in which the Bermuda Monetary Authority sets out a proposed Insurance Code of Conduct for insurers and reinsurers registered…
Consultation Paper on the Reclassification of the Class 3 Sector (2008-05-15)DraftThis is a 2008 BMA consultation paper proposing to reclassify the Class 3 insurance sector into three new sub-classes and to introduce a new Special Purpo…
Consultation Paper – Collateralized Insurers Accounts, Returns and Solvency Rules 2019DraftThis is a Bermuda Monetary Authority consultation paper proposing new Rules that would set out the annual filing, accounting and solvency requirements for…
Consultation Paper – Proposed Enhancements to the Investment Business Regime: Rules and Guidance on Net Asset and Liquidity Requirements, Statutory Return Rules and the Statement of Principles (October 2021)DraftThis is a Bermuda Monetary Authority consultation paper seeking industry feedback on proposed new rules and guidance governing the capital, net asset, liq…
Consultation Paper – Special Purpose Insurer Accounts, Returns and Solvency Rules 2019DraftThis is a Bermuda Monetary Authority consultation paper proposing new Special Purpose Insurer (SPI) Accounts, Returns and Solvency Rules 2019, made under…
Consultation Paper: Bermuda Solvency Capital Requirement Update Proposal (November 2016)IssuedThis is a Bermuda Monetary Authority consultation paper proposing a series of updates to the Bermuda Solvency Capital Requirement (BSCR) standard formula.…
Consultation Paper: Conduct of Business Regulatory Regime - Banks and Deposit Companies Code of Conduct (September 2021)DraftThis is a Bermuda Monetary Authority consultation paper seeking feedback on a proposed new Code of Conduct for banks and deposit companies, to be issued u…
Consultation Paper: Conduct of Business Regulatory Regime - Digital Asset Business Act 2018 Code of Practice & Client Disclosure Amendment Rules 2022 (2022-10-19)DraftThis is a Bermuda Monetary Authority consultation paper seeking industry feedback on proposed revisions to two instruments issued under the Digital Asset…
Consultation Paper: Insurance Amendment Act 2016 (Insurance Managers and Other Matters) (2016-04)DraftThis is a Bermuda Monetary Authority consultation paper seeking industry feedback on proposed amendments to the Insurance Act 1978, primarily to strengthe…
Consultation Paper: Proposal for a Conduct of Business Regulatory Regime (December 2020)DraftThis is a Bermuda Monetary Authority consultation paper proposing to expand its statutory mandate under the BMA Act 1969 to create a new, principles based…
Consultation Paper: The Appeal Tribunal Framework (2021-06-02)DraftThis is a joint Ministry of Finance and Bermuda Monetary Authority consultation paper proposing changes to the Appeal Tribunal framework used by financial…
Consultation Paper: The Insurance Brokers and Insurance Agents Code of Conduct (August 2018)DraftThis is a Bermuda Monetary Authority consultation paper setting out a proposed Code of Conduct for Insurance Brokers and Insurance Agents registered under…
Consultation on Insurance Amendment (No. 3) Act 2010DraftThis is a Bermuda Monetary Authority consultation letter and draft Bill seeking industry comment on the Insurance Amendment (No. 3) Act 2010, which propos…
Consultation: 2019 Amendments – Alternative Capital Schedule (with draft Rules)DraftThis is a BMA consultation notice, dated 1 July 2019, proposing amendments to Bermuda's insurance prudential rules and returns regulations concerning the…
Corporate Governance Code Consultation Paper (Banks and Deposit Companies Act 1999) (2011-12)DraftThis is a 2011 consultation paper issued by the Bermuda Monetary Authority (BMA) proposing a draft Corporate Governance Code for banks licensed under the…
Corporate Service Provider Business Act 2011 (Consultation Draft)DraftThis is a consultation draft of proposed Bermuda primary legislation, the Corporate Service Provider Business Act 2011, released by the Bermuda Monetary A…
Corporate Service Provider Business Act 2012 (Draft Bill)DraftThis is a draft bill (with explanatory notes) proposing a new licensing and supervision regime for corporate service provider business in Bermuda, to be a…
Corporate Service Provider Business Amendment Act 2013 (Draft Bill)DraftThis is a draft amendment bill (not yet enacted) that would change the Corporate Service Provider Business Act 2012 in Bermuda. It introduces a two tier l…
Corporate Service Provider Business Amendment Act 2024 - Illustrative DraftDraftThis is an illustrative draft bill (still at consultation stage) that would amend Bermuda's Corporate Service Provider Business Act 2012. It introduces a…
Corporate Service Provider Business Update (2013-08-13)SupersededThis is a 2013 BMA update to industry following consultation on the Corporate Service Provider Business Act 2012, its Statement of Principles, licence app…
Credit Unions Appeal Tribunal Regulations 2012 (Consultation Draft)DraftThis is a 2012 consultation notice and draft text for the Credit Unions Appeal Tribunal Regulations 2012, issued under section 40 of the Credit Unions Act…
DP-Proposed Enhancements to Investment Business, Investment Funds and Fund Administration Regimes (March 2018)DraftThis is a Bermuda Monetary Authority discussion paper (March 2018) seeking industry feedback on possible future changes to the Investment Business Act 200…
Default and Downgrade CostsIssuedNo extractable text (blank/binary file); nothing to summarize.
Deposit Insurance Bill 2010IssuedThis is a draft bill (Bermuda Deposit Insurance Act 2010) circulated by the Bermuda Monetary Authority for consultation, not yet confirmed as enacted law.…
Digital Asset Business - Prudential Annual ReturnIssuedNo extractable text (blank/binary file); nothing to summarize.
Digital Asset Business - Thematic ReviewIssuedNo extractable text (blank/binary file); nothing to summarize.
Digital Asset Business - Thematic Review 2025IssuedNo extractable text (blank/binary file); nothing to summarize.
Digital Asset Business Accounts Rules 2020 (Consultation Paper) (2020-06)DraftThis is a Bermuda Monetary Authority consultation paper proposing new Digital Asset Business Accounts Rules 2020 under section 7 of the Digital Asset Busi…
Digital Asset Business Amendment Act 2019 Consultation PaperDraftThis is a Bermuda Monetary Authority consultation paper seeking industry feedback on a draft Digital Asset Business Amendment Act 2019, which would amend…
Digital Asset Custody Code of Practice 2018DraftThis is a 2018 consultation draft from the Bermuda Monetary Authority setting out proposed custody standards for digital asset businesses (DABs) that hold…
Digital Assets Business Template 2018IssuedNo extractable text (blank/binary file); nothing to summarize.
Discussion Paper - A Conduct of Business Regulatory Framework for Bermuda (2020-08-19)DraftThis is a discussion paper issued by the Bermuda Monetary Authority (BMA) exploring whether and how it should expand its regulatory mandate to cover condu…
Discussion Paper - Asset Tokenisation (2025-11-05)DraftThis is a Discussion Paper issued by the Bermuda Monetary Authority (BMA) seeking industry feedback on how asset tokenisation should be treated under Berm…
Discussion Paper - Development of a Bermuda AIFM Regime - November 2014IssuedThis is a 2014 discussion paper in which the Bermuda Monetary Authority sets out its thinking on creating a voluntary Bermuda AIFM (Alternative Investment…
Discussion Paper - Disclosure of Climate Change Risks for Commercial Insurers (2023-09)DraftThis is a Discussion Paper issued by the Bermuda Monetary Authority (BMA) seeking industry feedback on a proposed framework for climate-related financial…
Discussion Paper - Disclosure of Climate Change Risks for Commercial Insurers (December 2023)DraftThis is a Discussion Paper (not yet a binding rule) in which the BMA sets out its thinking on introducing climate-related financial disclosure requirement…
Discussion Paper - Disclosure of Climate Change Risks for Commercial Insurers - December 2023DraftThis is a Bermuda Monetary Authority (BMA) Discussion Paper (not yet a rule) seeking industry feedback on a proposed framework for climate-related financi…
Discussion Paper - Money Service Business, Payment Services and Foreign Exchange Services (April 2014)IssuedThis is a discussion paper issued by the Bermuda Monetary Authority in April 2014, inviting industry and public comment on how Bermuda should regulate mon…
Discussion Paper - Payment Services Provider Regulatory Framework (2025-04-15)DraftThis is a Discussion Paper issued by the Bermuda Monetary Authority (BMA) setting out preliminary proposals for a new Payment Services Act (PSA) that woul…
Discussion Paper - Potential Banking Models for Bermuda (June 2026)DraftThis is a Discussion Paper from the Bermuda Monetary Authority exploring potential new banking models that could be introduced in Bermuda to modernise and…
Discussion Paper - Regulation of Financial Holding Companies (May 2018)IssuedThis is a Bermuda Monetary Authority discussion paper (not yet a rule) exploring whether and how the BMA should directly regulate Financial Holding Compan…
Discussion Paper - The Responsible Use of Artificial Intelligence in Bermuda's Financial Services Sector (2025-07-30)DraftThis is a Discussion Paper issued by the Bermuda Monetary Authority seeking industry feedback on how AI is used across Bermuda's financial services sector…
Discussion Paper on Economic Balance Sheet and Proposed Changes to Regulatory Reporting (August 2010)IssuedThis is a 2010 BMA discussion paper inviting industry comment on a proposed shift to an economic balance sheet framework for solvency purposes in Bermuda,…
Discussion Paper on Implementing Group-wide Supervision (2009-03-31)IssuedThis is a 2009 discussion paper from the Bermuda Monetary Authority proposing a new framework for group-wide supervision of insurance groups. It sets out…
Discussion Paper on Policyholder Protection (June 2014)IssuedThis is a Bermuda Monetary Authority discussion paper exploring options for protecting insurance policyholders if a Bermuda insurer or reinsurer fails, an…
Discussion Paper on a Capital and Solvency Framework for Long-Term Insurance (December 2009)IssuedThis is a December 2009 discussion paper in which the Bermuda Monetary Authority sets out its early thinking on a new capital and solvency framework for t…
Discussion Paper on the Own Risk and Solvency Assessment Process (2009-09)IssuedThis is a 2009 discussion paper in which the Bermuda Monetary Authority introduces the Own Risk and Solvency Assessment (ORSA) concept to the Bermuda insu…
Discussion Paper: A Conduct of Business Regulatory Framework for Bermuda (2020-08-19)DraftThis is a Bermuda Monetary Authority discussion paper exploring whether and how the Authority should expand its regulatory mandate to cover conduct of bus…
Discussion Paper: Proposed Enhancements to Insurance Supervision and Enforcement Powers (February 2009)IssuedThis is a BMA discussion paper from February 2009 seeking stakeholder feedback on possible new supervisory and enforcement powers for insurance regulation…
Draft Alternative Investment Fund Managers Rules 2015DraftThis is a draft consultation paper published by the Bermuda Monetary Authority setting out proposed Alternative Investment Fund Managers (AIFM) Rules 2015…
Draft General Business BSCR Model 2013IssuedNo extractable text (blank/binary file); nothing to summarize.
Draft Insurance (Prudential Standards) (Class IIGB Solvency Requirement) Rules 2019DraftThis is a draft Bermuda Monetary Authority (BMA) rule instrument, issued for consultation, that would set out the solvency and capital requirements for Cl…
Draft Insurance Accounts Amendment Regulations 2009DraftThis is a draft amendment to the Insurance Accounts Regulations 1980, circulated by Bermuda's Ministry of Finance (via the BMA consultation process) for c…
Draft Legislation for Solvency Framework for Long-Term Insurance (August 2010)DraftThis is a package of four draft legislative instruments published by the Bermuda Monetary Authority to implement a new solvency framework for long-term (l…
Draft Legislation for Solvency Framework for Long-Term Insurers (August 2010)DraftThis is a package of draft legislative instruments published for consultation to implement Bermuda's proposed Solvency Framework for long-term (life) insu…
Draft Long-Term Business BSCR Model 2013IssuedNo extractable text (blank/binary file); nothing to summarize.
Draft Statutory Financial Statements Template (Commercial Insurers and Groups)IssuedNo extractable text (blank/binary file); nothing to summarize.
Economic Balance Sheet Framework for General Business Insurers (Consultation Paper, August 2012)IssuedThis is a Bermuda Monetary Authority consultation paper setting out a proposed Economic Balance Sheet (EBS) framework for general business insurers, inten…
Economic Balance Sheet Framework for Long-Term Insurers (Consultation Paper, August 2012)DraftThis is a 2012 consultation paper in which the Bermuda Monetary Authority (BMA) sets out a proposed economic balance sheet (EBS) framework for long-term (…
Explanatory Memorandum - Banks and Deposit Companies Amendment Act 2012, Trusts (Regulation of Trust Business) Amendment Act 2012, Investment Business Amendment Act 2012IssuedThis is an Explanatory Memorandum published by the Bermuda Monetary Authority (BMA) alongside draft Bills to amend the Banks and Deposit Companies Act 199…
Explanatory Memorandum - Guidance Note: Standards and Application Framework for the Use of Internal Capital Models (ICM) for Regulatory Capital Purposes - Revised (June 2012)IssuedThis is an explanatory memorandum accompanying the Bermuda Monetary Authority's revised Guidance Note on Standards and Application Framework for the use o…
Explanatory Memorandum - Insurance (Group Supervision) Rules 2011DraftThis is an explanatory memorandum accompanying a draft consultation paper for the proposed Insurance (Group Supervision) Rules 2011, issued by the Bermuda…
Explanatory Memorandum - Insurance (Prudential Standards)(Group Solvency Requirement) Rules 2011IssuedThis is an explanatory memorandum accompanying the Bermuda Monetary Authority's proposed Insurance (Prudential Standards)(Group Solvency Requirement) Rule…
Explanatory Memorandum - Insurance Amendment (Enhancement of Enforcement Powers) Act 2011 and A Bill entitled Insurance Amendment Act 2011IssuedThis is an explanatory memorandum accompanying a draft bill, the Insurance Amendment (Enhancement of Enforcement Powers) Act 2011, which the Bermuda Monet…
Explanatory Memorandum for Corporate Service Provider Business Act 2011IssuedThis is an explanatory memorandum accompanying the Bermuda Monetary Authority's consultation on the proposed Corporate Service Provider Business Act 2011.…
Explanatory Memorandum for Insurance (Prudential Standards) (Class 3A Solvency Requirement) Rules 2011DraftThis is an explanatory memorandum accompanying a draft set of Bermuda Monetary Authority rules for Class 3A insurers, published for industry consultation.…
Explanatory Memorandum for Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Amendment Rules 2011DraftThis explanatory memorandum describes proposed amendments to the Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Rules 2008,…
Explanatory Memorandum – Banks and Deposit Companies Amendment Act 2012, Trusts (Regulation of Trust Business) Amendment Act 2012, Investment Business Amendment Act 2012IssuedThis explanatory memorandum from the Bermuda Monetary Authority accompanies draft Bills to amend the Banks and Deposit Companies Act 1999, the Trusts (Reg…
Explanatory Note – Beneficial Ownership Regime Legislative Proposals (2017-09-06)DraftThis is a joint explanatory note from Bermuda's Ministry of Finance, Ministry of Economic Development and the Bermuda Monetary Authority, issued for publi…
General stakeholder response letter - FAPB Code and SoP (2020-10)IssuedThis is a Bermuda Monetary Authority (BMA) letter responding to stakeholder feedback on its 2020 consultation paper covering the Fund Administration Provi…
Group 2024 BSCRIssuedNo extractable text (blank/binary file); nothing to summarize.
Group BSCR 2016 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Group BSCR 2017 - Market Trial RunIssuedNo extractable text (blank/binary file); nothing to summarize.
Industry Feedback - Building Resources to Meet Advances in Global Insurance Supervision (2008-11-17)IssuedThis is a BMA feedback paper summarizing industry responses to its September 2008 consultation on revised supervisory fees for Bermuda's commercial insura…
Industry Feedback: Consultation on Class 3 Reclassification (2008-06-20)IssuedThis is a BMA industry feedback note summarising responses to its May 2008 consultation on reclassifying Class 3 insurers and creating a new Special Purpo…
Instructions for the Proposed Long-Term Bermuda Solvency Capital Requirement Model (2013-07-22)IssuedThis is a Bermuda Monetary Authority circular accompanying a test version of an updated Long-Term Bermuda Solvency Capital Requirement (BSCR) model, issue…
Instructions for the Proposed Property and Casualty Bermuda Solvency Capital Requirement Model (2013-07-22)IssuedThis is a Bermuda Monetary Authority (BMA) consultation document accompanying a test version of an updated Bermuda Solvency Capital Requirement (BSCR) mod…
Instructions to Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011IssuedThis document sets out the detailed mathematical instructions and prescribed capital charge tables used to calculate the Bermuda Solvency Capital Requirem…
Insurance (Prudential Standards) (Class 3A Solvency Requirement) Amendment Rules 2012DraftThis is a Bermuda Monetary Authority notice and accompanying draft Rules proposing amendments to the Insurance (Prudential Standards) (Class 3A Solvency R…
Insurance (Prudential Standards) (Class 3A Solvency Requirements) Amendment Rules 2022DraftThis is a BMA consultation notice on proposed amendments to the Insurance (Prudential Standards) (Class 3A Solvency Requirement) Rules 2011. The draft ame…
Insurance (Prudential Standards) (Class 3B and Class 4 Solvency Requirement) Amendment Order 20XX (Draft)DraftThis is a draft amendment order that would update Bermuda's Insurance (Prudential Standards) (Class 3B and Class 4 Solvency Requirement) Order to introduc…
Insurance (Prudential Standards) (Class 4 Solvency Requirement) Amendment Order 2009 (Draft)DraftThis is a draft amendment order that would revise Bermuda's Insurance (Prudential Standards) (Class 4 Solvency Requirement) Order 2008, which sets the cap…
Insurance (Prudential Standards) (Class 4 Solvency Requirement) Order 2008 (Fifth Draft, 15 August 2008)DraftThis is a draft Bermuda Monetary Authority order, circulated as part of a consultation paper (Fifth Draft, 15 August 2008), that would prescribe prudentia…
Insurance (Prudential Standards) (Class 4 and 3B Solvency Requirement) Amendment Rules 2015IssuedThis is a Bermuda Monetary Authority notice and draft rules proposing amendments to the Insurance (Prudential Standards) (Class 4 and 3B Solvency Requirem…
Insurance (Prudential Standards) (Class 4 and 3B Solvency Requirements) Amendment Rules 2022DraftThis is a Bermuda Monetary Authority (BMA) consultation notice proposing amendments to the Insurance (Prudential Standards) (Class 4 and 3B Solvency Requi…
Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Amendment Rules 2012IssuedThis is a BMA notice and draft amendment rules updating the Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Rules 2008. It cl…
Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Amendment Rules 2022DraftThis is a BMA consultation notice proposing amendments to the Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Rules 2…
Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Schedules 2019IssuedThis document sets out detailed reporting schedules (Schedules IIB, IIC, IID and XXII, among others) that form part of the Bermuda Solvency Capital Requir…
Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2012DraftThis is a BMA notice and draft amendment rules updating the Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011, which set…
Insurance (Prudential Standards) (Insurance Group Solvency Requirements) Amendment Rules 2022DraftThis is a BMA consultation notice proposing amendments to the Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011, affectin…
Insurance - RBC Cover Ltr (2007-07-23)IssuedThis is a 2007 cover letter from the Bermuda Monetary Authority's Insurance Department to Class 4 insurers and reinsurers, inviting them to participate in…
Insurance Amendment Act 2016 (Draft Bill)DraftThis is a draft bill that would amend the Insurance Act 1978 to bring insurance managers into Bermuda's prudential regulatory framework and to make a numb…
Insurance Amendment Act 20XX (DRAFT - Eligible Capital)DraftThis is a draft, unfinished Bill (using a placeholder year and clearly incomplete template text) circulated by the BMA that would amend section 6 of the I…
Insurance Appeal Tribunal Regulations 2011 (Pre-Consultation Draft)DraftThis is a pre-consultation draft of regulations that would govern how the Insurance Appeal Tribunal operates under section 44D(2) of the Insurance Act 197…
Insurance Managers Annual Return Template 2018IssuedNo extractable text (blank/binary file); nothing to summarize.
Insurance Marketplace Annual Return 2019 Year-endIssuedNo extractable text (blank/binary file); nothing to summarize.
Insurance Regulatory Sandbox Consultation Paper with Draft Bill (April 2018)DraftThis is a Bermuda Monetary Authority (BMA) consultation paper, issued April 2018, proposing an Insurance Regulatory Sandbox and companion Innovation Hub f…
Insurance Returns and Solvency Amendment Regulations 2013 (draft/consultation)DraftThis is a Bermuda Monetary Authority consultation notice, with an attached draft, proposing the Insurance Returns and Solvency Amendment Regulations 2013.…
Insurance Returns and Solvency Amendment Regulations XXXX (DRAFT) - Eligible CapitalDraftThis is a draft amendment to Bermuda's Insurance Returns and Solvency Regulations 1980, released by the Bermuda Monetary Authority for consultation. It in…
Insurance Sector Operational Cyber Risk Management Code of Conduct (Consultation, December 2019)DraftThis is a December 2019 consultation draft from the Bermuda Monetary Authority proposing a new Insurance Sector Operational Cyber Risk Management Code of…
Insurance Statement of Principles Consultation Paper (Capital Add-On Policy) (2008-08-15)DraftThis is a 2008 consultation memo from the Bermuda Monetary Authority to Class 4 insurers, proposing a new Part 7 (Capital Add On Policy) to be added to th…
Investment Business Amendment Act 2015 (Bill)DraftThis is a draft Bill that would amend Bermuda's Investment Business Act 2003 to create a new licensing and regulatory regime for alternative investment fu…
Memorandum to Industry - Insurance Appeal Tribunal Regulations 2011 (2011-05-30)IssuedThis is a May 2011 memorandum from the Bermuda Monetary Authority notifying industry stakeholders about the forthcoming Insurance Appeal Tribunal Regulati…
NAMLC Consultation Paper - Proposed Amendments to the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008 to incorporate Proliferation Financing (PF) Risk Assessment and Mitigating Measures (2026-01-28)DraftThis is a NAMLC (National Anti-Money Laundering Committee) consultation paper proposing amendments to Bermuda's Proceeds of Crime (Anti-Money Laundering a…
NAMLC Consultation Paper - Proposed Amendments to the Trustee Act 1975 (2025-11-20)DraftThis is a consultation paper issued by Bermuda's National Anti-Money Laundering Committee (NAMLC) proposing amendments to the Trustee Act 1975 to align Be…
NAMLC Consultation on Proceeds of Crime Bill (2025-08-27)DraftThis is a consultation notice from Bermuda's National Anti-Money Laundering Committee (NAMLC) sharing a draft Bill to amend Bermuda's Proceeds of Crime Ac…
NOTICE - Sector-Specific AML/ATF Guidance Notes for Long-Term Insurance Business (2016-04-27)IssuedThis is a BMA consultation notice attaching draft sector-specific AML/ATF Guidance Notes for Long-Term Insurance Business (Annex II). It supplements, but…
NOTICE - Sector-Specific AML/ATF Guidance Notes for Trust Business (Consultation) (2016-04-27)IssuedThis is a Bermuda Monetary Authority consultation notice releasing draft sector specific AML/ATF guidance for trust business (Annex I), meant to supplemen…
NOTICE-Draft Rules for Annual Filing Requirements of Insurance Marketplace Providers and Class IIGB Insurers (2019-10-31)DraftThis is a BMA consultation notice announcing draft Rules that would set annual filing requirements for two new categories created under 2019 amendments to…
NOTICE: Corporate Service Provider Business Act 2012 – Code of Practice and Statement of Principles (revised) (2019-09-26)DraftThis is a Bermuda Monetary Authority (BMA) consultation notice releasing a revised draft Code of Practice and revised draft Statement of Principles under…
NOTICE: Trusts (Regulation of Trust Business) Act 2001 – Code of Practice and Statement of Principles (revised) (2019-09-26)DraftThis is a BMA consultation notice posting a revised Code of Practice and a revised Statement of Principles (SoP) issued under the Trusts (Regulation of Tr…
Notice - Banking (Special Resolution Regime) Act 2013 (2013-07-25)DraftThis is a BMA consultation notice, accompanied by a draft Bill, proposing a Special Resolution Regime (SRR) for banks licensed in Bermuda. It sets out a s…
Notice - Code of Practice Consultation Paper (2014-09-15)IssuedThis is a Bermuda Monetary Authority notice opening a consultation on a draft Code of Practice for corporate service provider (CSP) business, issued under…
Notice - Consultation - Digital Asset Business (Custody of Client Assets) Rules 2024 (2024-02-29)Issued 2024-02-29This is a BMA consultation notice inviting stakeholder feedback on proposed Digital Asset Business (Custody of Client Assets) Rules 2024. The draft Rules…
Notice - Consultation Paper - Conduct of Business Regulatory Regime: Digital Asset Business Act 2018 Code of Practice and Client Disclosure Amendment Rules 2022 (2022-10-20)DraftThis is a BMA consultation paper seeking industry feedback on proposed amendments to the Digital Asset Business Act 2018 Code of Practice and to new Digit…
Notice - Consultation Paper - Conduct of Business Regulatory Regime: Digital Asset Business Act 2018: Code of Practice and Client Disclosure Amendment Rules 2022 (2022-10-20)Issued 2022-10-20This is a consultation notice from the Bermuda Monetary Authority (BMA) inviting industry feedback on proposed amendments to the Digital Asset Business Ac…
Notice - Consultation Paper - Digital Asset Business Amendment Act 2021 (2021-11-29)Issued 2021-11-29This is a BMA notice announcing a consultation on proposed amendments to the Digital Asset Business Act 2018 (DABA) and related Digital Asset Business Rul…
Notice - Consultation Paper - Guidance Note on the Use of Recognised Stablecoins in Insurance and Investment Funds (2026-07-20)DraftThe BMA has published a Consultation Paper seeking industry feedback on a proposed Guidance Note that would set out its supervisory expectations for how e…
Notice - Consultation Paper - Guidance Note: General Business Insurers with Segregated Accounts and Separate Accounts (2024-07-04)DraftThis is a BMA notice opening consultation on a draft Guidance Note covering General Business Insurers that use Segregated Accounts and Separate Accounts.…
Notice - Consultation Paper - Guidance Note: Management of Climate Risk for Commercial Insurers (2022-09-12)DraftThis is a BMA consultation notice announcing a draft Guidance Note on Management of Climate Risk for Commercial Insurers. It sets out the Authority's expe…
Notice - Consultation Paper - Proposed Enhancements to Supervisory Powers within the Investment Funds Act (2023-04-21)Issued 2023-04-21This is a BMA notice announcing a consultation paper that proposes enhancements to the supervisory powers under the Investment Funds Act 2006, the Investm…
Notice - Consultation Paper - Proposed Payment Services Act 2025 (2025-08-29)DraftThis is a BMA notice announcing a Consultation Paper on a proposed Payment Services Act 2025, which would create a new standalone regulatory regime for Pa…
Notice - Consultation Paper – Proposed Enhancements to the Investment Business Regime: Rules Appendices and Statement of Principles (2021-10-14)Issued 2021-10-14This is a notice from the Bermuda Monetary Authority announcing a consultation paper on proposed enhancements to the Investment Business regulatory regime…
Notice - Corporate Service Provider (Beneficial Owner) Regulations 2012 (2012-12-21)DraftThis is a Bermuda Monetary Authority notice, dated 21 December 2012, introducing draft Corporate Service Provider (Beneficial Owner) Regulations 2012 for…
Notice - Corporate Service Provider Appeal Tribunal Regulations 2013 (2013-06-13)DraftThis is a Bermuda Monetary Authority (BMA) consultation notice, dated 13 June 2013, seeking comments on a draft set of Corporate Service Provider Appeal T…
Notice - Credit Unions Appeal Tribunal Regulations 2012 (2012-10-15)DraftThis is a Bermuda Monetary Authority (BMA) notice, dated 15 October 2012, consulting on draft Credit Unions Appeal Tribunal Regulations 2012, made under t…
Notice - DAB Operational Cyber Risk Code (2022-05-11)DraftThis is a BMA notice extending the comment period on a package of draft Digital Asset Business (DAB) cyber risk rules. It attaches a new draft Operational…
Notice - Digital Asset Business Single Currency Pegged Stablecoins (SCPS) Consultation Guidance (2024-05-10)DraftThis is a public notice from the Bermuda Monetary Authority announcing a consultation on new draft Guidance covering Digital Asset Business Single Currenc…
Notice - Draft Statement of Principles on the Use of Enforcement PowersDraftThis is a draft Statement of Principles (SoP) issued by the Bermuda Monetary Authority describing how it intends to use its enforcement powers once amendm…
Notice - Draft Statement of Principles on the Use of Enforcement Powers (Enforcement Powers under the Insurance Amendment Act 2012)DraftThis Notice from the Bermuda Monetary Authority (BMA) attaches a draft Statement of Principles (SoP) describing how the Authority intends to use enforceme…
Notice - Draft Statement of Principles on the Use of Enforcement Powers (Insurance Amendment Act 2012)DraftThis is a BMA Notice attaching a draft Statement of Principles (SoP) describing how the Authority intends to use enforcement powers being added to the Ins…
Notice - General Regulatory Sandbox Guidance Note (2021-11-25)DraftThis is a draft consultation guidance note in which the Bermuda Monetary Authority (BMA) sets out how it intends to administer its General Regulatory Sand…
Notice - Insurance (Eligible Capital) Amendment Rules 2015DraftThis is a BMA notice and consultation draft proposing amendments to the Insurance (Eligible Capital) Rules 2012, moving the basis for valuing policyholder…
Notice - Insurance (Eligible Capital) Amendment Rules 2016 (2016-05-09)DraftThis is a Bermuda Monetary Authority consultation notice proposing amendments to the Insurance (Eligible Capital) Rules 2012. It sets out two technical ch…
Notice - Insurance (Eligible Capital) Rules 2012 (proposed Eligible Capital Amendment Rules 2013)DraftThis is a consultation notice from the Bermuda Monetary Authority proposing amendments to the Insurance (Eligible Capital) Rules 2012. It sets out draft E…
Notice - Insurance (Group Supervision) Amendment Rules 2012DraftThis is a Bermuda Monetary Authority notice and accompanying draft amendment rules to the Insurance (Group Supervision) Rules 2011. It is a consultation d…
Notice - Insurance (Group Supervision) Amendment Rules 2012 (2012-11-14)DraftThis is a BMA notice, dated 14 November 2012, summarising industry comments received on the draft Insurance (Group Supervision) Amendment Rules 2012 and c…
Notice - Insurance (Group Supervision) Amendment Rules 2013 (2013-07-01)DraftThis is a Bermuda Monetary Authority (BMA) consultation notice proposing housekeeping amendments to the Insurance (Group Supervision) Rules 2011 via draft…
Notice - Insurance (Group Supervision) Amendment Rules 2015 (2015-01-22)DraftThis is a Bermuda Monetary Authority notice publishing draft Insurance (Group Supervision) Amendment Rules 2015 for consultation. The amendments would imp…
Notice - Insurance (Group Supervision) Amendment Rules 2016 (2016-05-09)DraftThis is a BMA consultation notice proposing two amendments to the Insurance (Group Supervision) Rules 2011, via the draft Insurance (Group Supervision) Am…
Notice - Insurance (Prudential Standards) (Class 3A Solvency Requirement) Amendment Rules 2013 (2013-07-01)DraftThis is a Bermuda Monetary Authority consultation notice proposing amendments to the Insurance (Prudential Standards) (Class 3A Solvency Requirement) Rule…
Notice - Insurance (Prudential Standards) (Class 3A Solvency Requirement) Amendment Rules 2014 (2014-06-18)DraftThis is a BMA consultation notice proposing amendments to Schedule V (Schedule of Risk Management) of the Insurance Prudential Standards Rules, specifical…
Notice - Insurance (Prudential Standards) (Class 3A Solvency Requirement) Amendment Rules 2015 (2015-01-22)DraftThis is a Bermuda Monetary Authority consultation notice (dated 22 January 2015) announcing proposed amendments to the Insurance (Prudential Standards) (C…
Notice - Insurance (Prudential Standards) (Class 3A Solvency Requirement) Amendment Rules 2016 (2016-05-09)IssuedThis is a Bermuda Monetary Authority notice and consultation draft proposing amendments to the Insurance (Prudential Standards) (Class 3A Solvency Require…
Notice - Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Amendment Rules 2013 (Consultation) (2013-07-01)DraftThis is a BMA consultation notice proposing amendments to the Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Rules 2008, whi…
Notice - Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Amendment Rules 2016 (2016-05-09)DraftThis is a Bermuda Monetary Authority (BMA) consultation notice proposing amendments to the Insurance (Prudential Standards) (Class 4 and Class 3B Solvency…
Notice - Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Amendment Rules 2014 (2014-06-18)SupersededThis is a 2014 BMA consultation notice proposing amendments to the Insurance Prudential Standards Rules for Class C, Class D and Class E insurers. The pro…
Notice - Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Amendment Rules 2015 (2015-01-22)IssuedThis is a BMA notice and consultation draft for the Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Amendment Rules 2…
Notice - Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Amendment Rules 2016IssuedThis is a Bermuda Monetary Authority Notice, dated 9 May 2016, setting out and inviting comment on proposed draft Insurance (Prudential Standards) (Class…
Notice - Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Rules 2011 (2013-07-01)IssuedThis is a consultation notice issued by the Bermuda Monetary Authority (BMA) proposing amendments to the Insurance (Prudential Standards) (Class C, Class…
Notice - Insurance (Prudential Standards) (Class E Solvency Requirement) Amendment Rules 2012DraftThis is a Bermuda Monetary Authority (BMA) notice, dated 19 June 2012, circulating draft amendment rules to the Insurance (Prudential Standards) (Class E…
Notice - Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2012 (2012-11-14)DraftThis is a BMA notice summarizing industry feedback on the draft Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 20…
Notice - Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2013 (consultation)DraftThis is a Bermuda Monetary Authority consultation notice proposing amendments to the Insurance (Prudential Standards) (Insurance Group Solvency Requiremen…
Notice - Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2015DraftThis is a Bermuda Monetary Authority notice and draft rules proposing amendments to the Insurance (Prudential Standards) (Insurance Group Solvency Require…
Notice - Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2016 (2016-05-09)IssuedThis is a Bermuda Monetary Authority notice consulting on proposed amendments to the Insurance (Prudential Standards) (Insurance Group Solvency Requiremen…
Notice - Insurance (Prudential Standards)(Class 4 and 3B Solvency Requirement) Amendment Rules 2014 (2014-06-18)IssuedThis is a BMA consultation notice proposing amendments to Schedule V (Schedule of Risk Management) of the Insurance (Prudential Standards) Rules, adding a…
Notice - Insurance (Prudential Standards)(Insurance Group Solvency Requirement) Amendment Rules 2013 - UpdateIssuedThis is a Bermuda Monetary Authority Notice, dated 31 October 2013, confirming the final form of the Insurance (Prudential Standards) (Insurance Group Sol…
Notice - Insurance (Prudential Standards)(Insurance Group Solvency Requirement) Amendment Rules 2014 (2014-06-18)IssuedThis is a BMA consultation notice proposing amendments to Schedule VIIIA of the Insurance (Prudential Standards) Rules, which governs the Insurance Group…
Notice - Insurance Amendment (No. 2) Act 2012 (draft Bill) (2012-06-19)DraftThis is a BMA consultation notice attaching a draft Bill, the Insurance Amendment (No. 2) Act 2012, which proposes amendments to the Insurance Act 1978 an…
Notice - Insurance Amendment (No.2) Act 2012 (2012-06-16)DraftThis is a BMA notice attaching a draft Insurance Amendment (No. 2) Act 2012 for industry consultation. It proposes significant changes to the Insurance Ac…
Notice - Insurance Amendment (No.2) Act 2013 (2013-10-31)DraftThis is a BMA consultation notice, dated 31 October 2013, setting out proposed amendments to the Insurance Act 1978 via the draft Insurance Amendment (No.…
Notice - Insurance Amendment Act 2015 (2015-01-22)DraftThis is a Bermuda Monetary Authority consultation notice announcing a draft Insurance Amendment Act 2015, which would amend the Insurance Act 1978 and rel…
Notice - Insurance Code of Conduct (Revised) (2014-08-29)DraftThis is a Bermuda Monetary Authority (BMA) consultation notice posting a revised Insurance Code of Conduct for industry comment. The Code sets out duties,…
Notice - Insurance Returns and Solvency Regulations 1980 and Insurance Accounts Regulations 1980 (2013-07-01)DraftThis is a Bermuda Monetary Authority (BMA) consultation notice dated 1 July 2013 proposing amendments to the Insurance Returns and Solvency Regulations 19…
Notice - Investment Funds Amendment Act 2013IssuedThis is a Bermuda Monetary Authority (BMA) notice circulating a draft Bill, the Investment Funds Amendment Act 2013, for public comment. The Bill would su…
Notice - Investment Funds Amendment Act 2013 (draft Bill for consultation) (2013-07-09)DraftThis is a Bermuda Monetary Authority (BMA) consultation notice, dated 9 July 2013, presenting a draft Bill to amend the Investment Funds Act 2006. It prop…
Notice - Investment Funds Appeal Tribunal Regulations 2012IssuedThis is a 2012 BMA/Ministry of Finance notice attaching a draft set of Regulations that would create an Investment Funds Appeal Tribunal under section 55…
Notice - Schedule XVIII: Schedule of AML and ATF Reporting Requirements (2016-05-02)DraftThis is a consultation notice issued by the Bermuda Monetary Authority (BMA) proposing a new Schedule XVIII, an Anti-Money Laundering and Anti-Terrorism F…
Notice - Sector-Specific AML/ATF Guidance Notes for Investment Business - Consultation (2016-10-06)DraftThis is a BMA notice, dated 6 October 2016, opening a 30 day public consultation on draft sector-specific AML/ATF guidance (Annex III) for the investment…
Notice Investment Funds Amendment Act 2013 - Update (2013-07-31)IssuedThis is a Bermuda Monetary Authority notice dated 31 July 2013 updating its earlier consultation on amending the Investment Funds Act 2006. Following stak…
Proposed Asset Reporting ScheduleIssuedNo extractable text (blank/binary file); nothing to summarize.
Response to Comments on the Consultation Paper on Catastrophe Risk Return Guidelines (2010-12-08)IssuedThis is the Bermuda Monetary Authority's response to industry comments received on its Consultation Paper on Catastrophe Risk Return Guidelines and the ac…
Response to Comments on the Consultation Paper on Disclosures and Transparency (2010-12-08)IssuedThis is a letter from the Bermuda Monetary Authority responding to industry comments on its June 2010 Consultation Paper on Disclosures and Transparency.…
Response to Comments on the Consultation Paper on the CISSA (2010-12-08)IssuedThis is a letter from the Bermuda Monetary Authority responding to industry comments on its earlier Consultation Paper on the Commercial Insurer's Solvenc…
Response to Consultation Comments - Corporate Governance Related Amendments (2012-12-12)IssuedThis is a Bermuda Monetary Authority letter responding to industry consultation comments received on the draft Corporate Governance Policy for banks and d…
Response to Disclosure and Transparency Consultation Paper Comments (2009-12-14)IssuedThis is a letter from the Bermuda Monetary Authority responding to industry comments on its earlier Consultation Paper on Disclosure and Transparency. It…
Response to Industry - Amendment rules with respect to insurance group supervision and group solvency requirement (2012-11-13)IssuedThis is a letter from the Bermuda Monetary Authority responding to industry comments on draft amendment rules covering insurance group supervision and gro…
Response to Industry - Enhancements to the Regulatory and Supervisory Regime for Commercial Insurers (2012-06-01)IssuedThis is the Bermuda Monetary Authority's formal response to industry comments received on its January 2012 consultation paper proposing enhancements to th…
Response to Industry Comments - Actuary's Opinion on EBS Technical Provisions (2016-05-03)IssuedThis is a letter from the Bermuda Monetary Authority responding to industry feedback on its December 2015 consultation paper and draft Guidance Note on th…
Response to Industry Comments - Corporate Service Providers Business Act 2012 Code of Practice (2015-03-04)IssuedThis is the Bermuda Monetary Authority's formal response to industry comments received on the draft Code of Practice issued under the Corporate Service Pr…
Response to Industry Comments - Eligible Capital Rules 2010 (2011-11-22)IssuedThis is a letter from the Bermuda Monetary Authority responding to industry comments received on the draft Eligible Capital Rules 2010. It clarifies how t…
Response to Industry Comments - Enhancements to Bermuda's Insurance Regulatory Regime (2015-06-12)IssuedThis is the Bermuda Monetary Authority's formal response to industry comments received on its 2015 consultation paper and draft legislation regarding enha…
Response to Industry Comments - Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Amendment Rules 2011 (2011-11-22)IssuedThis is a letter from the Bermuda Monetary Authority responding to industry comments received during consultation on the Insurance (Prudential Standards)…
Response to Industry Comments - Insurance Amendment (No. 2) Act 2012 (2012-06-28)IssuedThis is the Bermuda Monetary Authority's formal response to industry comments received on the June 2012 consultation draft of the Insurance Amendment (No.…
Response to Industry Comments - Insurance Amendment Act 2014IssuedThis is a letter from the Bermuda Monetary Authority responding to industry comments received on its October 2014 consultation on the Insurance Amendment…
Response to Industry Comments - Insurance Code of Conduct (revised) 2014 (2014-12-05)IssuedThis is a letter from the Bermuda Monetary Authority summarising and responding to industry feedback received on the revised Insurance Code of Conduct tha…
Response to Industry Comments - Insurance Sector Operational Cyber Risk Management Code of Conduct (2020-10)IssuedThis is the Bermuda Monetary Authority's response to industry comments on its Insurance Sector Operational Cyber Risk Management Code of Conduct, followin…
Response to Industry Comments - Standards and Application Framework for the Use of ICMs for Regulatory Capital Purposes (2012-09-28)IssuedThis is a Bermuda Monetary Authority (BMA) letter responding to industry comments received on its June 2012 consultation on the revised Guidance Note, Sta…
Response to Industry Comments - The Insurance (Group Supervision) Rules 2011IssuedThis is the Bermuda Monetary Authority's written response to industry comments received on the draft Insurance (Group Supervision) Rules 2011. It works th…
Response to Industry Comments: BSCR Update Proposal, November 2016 (2017-03-15)IssuedThis is the Bermuda Monetary Authority's formal response to industry comments on its November 2016 consultation on updating the Bermuda Solvency Capital R…
Response to Industry on the Corporate Service Provider Business Act 2012 (2012-03-02)IssuedThis is a letter from the Bermuda Monetary Authority responding to industry comments received on the draft Corporate Service Provider Business Act 2012 (t…
Response to Industry on the Insurance Amendment Act 2012 - Enhanced Enforcement PowersIssuedThis is the Bermuda Monetary Authority's written response to industry feedback on the draft Insurance Amendment Act 2012, which introduces enhanced enforc…
Response to the Consultation Paper on the Solvency Framework for Long-Term Insurers (2010-11-30)IssuedThis is the Bermuda Monetary Authority's formal response to industry feedback on its Consultation Paper on the Solvency Framework for Long-Term Insurers.…
Response to the Discussion Paper on a Capital and Solvency Framework for Long-Term Insurance (2010-03-31)IssuedThis is the Bermuda Monetary Authority's response to industry feedback on its December 2009 Discussion Paper proposing a new risk-based Capital and Solven…
Response to the Insurance Code of Conduct Consultation Paper Comments (2010-02-10)IssuedThis is a response letter from the Bermuda Monetary Authority summarising the comments received during the consultation on the draft Insurance Code of Con…
Response to the Own Risk and Solvency Assessment (ORSA) Process Discussion Paper Comments (2010-01-29)IssuedThis is a letter from the Bermuda Monetary Authority to Class 4 and 3B (Re)Insurers responding to industry comments received on its earlier Discussion Pap…
Revised BSCR and CISSA Spreadsheets Class C InsurersIssuedNo extractable text (blank/binary file); nothing to summarize.
Revised BSCR and CISSA Spreadsheets Class D and Class E InsurersIssuedNo extractable text (blank/binary file); nothing to summarize.
SBA Lapse Liquidity Return TemplateIssuedNo extractable text (blank/binary file); nothing to summarize.
Stakeholder Letter - Brokers and Agents CoC and Annual Return (2018-12-13)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority responding to industry feedback on two proposed instruments: the Insurance Brokers and In…
Stakeholder Letter - Consultation Paper - Proposed Enhancements to the Insurance Group Supervision Framework (2025-05-06)IssuedThis is a stakeholder letter from the BMA summarising industry feedback on its December 2024 Consultation Paper on Proposed Enhancements to the Insurance…
Stakeholder Letter - Consultation Paper - Proposed Enhancements to the Public Disclosure Regime (2025-09-29)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority summarising feedback received on its December 2024 Consultation Paper on enhancing public…
Stakeholder Letter - Consultation on the Proposed Framework for Digital Identity Service Providers (DISP) (2025-04-29)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority summarising feedback received during its consultation on a proposed regulatory framework…
Stakeholder Letter - Proposed Amendments to the Insurance Returns and Solvency Regulations 1980 (2015-10-12)IssuedThis is a short stakeholder letter from the Bermuda Monetary Authority (BMA) providing an update on proposed amendments to the Insurance Returns and Solve…
Stakeholder Letter - Proposed Enhancements to Supervisory Powers within the Investment Funds Act 2006 (2023-06-30)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority (BMA) responding to industry feedback on its earlier consultation paper proposing enhance…
Stakeholder Letter - Proposed Enhancements to the Corporate Service Provider Business Act 2012 (2024-10-25)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority (BMA) responding to industry feedback on proposed enhancements to the Corporate Service P…
Stakeholder Letter - Prudential Rules CP (2021-07-05)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority summarizing industry feedback on its March 2021 consultation paper on proposed amendments…
Stakeholder Letter - Public Consultation on the Guidance Note for Recovery Planning Requirements for Bermuda Commercial Insurers (2025-04-11)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority opening a public consultation on draft Guidance Notes for recovery planning requirements…
Stakeholder Letter on Proposed Enhancements to the Regulatory Regime and Fees for Commercial Insurers (2023-07-28)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority (BMA) responding to industry feedback on its February 2023 Consultation Paper (CP1) propo…
Stakeholder Letter – Trust Code of Practice and Statement of Principles (2019-12-16)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority responding to industry feedback on proposed revisions to the Code of Practice and Stateme…
Stakeholder Letter: CSP Code of Practice and Statement of Principles Consultation Response (2019-12-16)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority responding to industry feedback on its consultation to revise the Code of Practice and St…
Stakeholder Letter: Consultation Paper: New Legislative Framework for Fund Administrators (2019-07-24)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority summarizing feedback and next steps following its 24 April 2019 Consultation Paper on a n…
Stakeholder Letter: Consultation Paper: The Corporate Service Provider Business Amendment Act 2019 (2019-07-24)IssuedThis is a stakeholder letter from the Bermuda Monetary Authority summarising industry feedback received on its Consultation Paper for the Corporate Servic…
Stakeholder Letter: Consultation Paper: The Trusts (Regulation of Trust Business) Amendment Act 2019IssuedThis is a stakeholder letter from the Bermuda Monetary Authority (BMA) summarising industry feedback on its Consultation Paper for the Trusts (Regulation…
Standards and Application Framework for the Use of Internal Capital Models for Regulatory Capital Purposes (Consultation Paper, 2009-04-30)DraftThis is a Bermuda Monetary Authority consultation paper setting out a proposed framework for Class 4 insurers (and reinsurers) that wish to use an Interna…
Summary of Comments Form - Discussion Paper - Money Service Business, Payment Services and Foreign Exchange ServicesIssuedNo extractable text (blank/binary file); nothing to summarize.
Summary of Comments on Guidance Note on Role of the Approved AuditorIssuedThis document is the Bermuda Monetary Authority's summary of industry comments on its draft Guidance Note on the Role of the Approved Auditor, together wi…
Template for Public Disclosure of Assets and LiabilitiesIssuedNo extractable text (blank/binary file); nothing to summarize.
The Insurance (Group Supervision) Rules 2011 (Draft 2010-12-31)DraftThis is a draft set of rules from the Bermuda Monetary Authority (BMA) that would establish a comprehensive group supervision framework for insurance grou…
Trusts (Regulation of Trust Business) Amendment Act 2012 (Bill, 2012-04-23)DraftThis is a draft Bermuda bill that would amend the Trusts (Regulation of Trust Business) Act 2001 to give the Bermuda Monetary Authority (BMA) a broader di…