BMA
Compliance deadlines
Filing and fee deadlines drawn from Bermuda Monetary Authority's own published instruments — each row links the instrument it comes from.
Deadlines are extracted and curated from the source instruments and human-reviewed, but instruments change and transitional rules apply — always verify against the linked instrument and the regulator's own site before relying on a date. This page is not legal advice.
Recurring obligations
| Deadline | Action required | Applies to | Source instrument |
|---|---|---|---|
| On or before 31 January each year | Pay the annual fee to the BMA (and, for banks, deliver the signed directors' declaration of consolidated gross assets). | banks, deposit companies, limited liability companies, segregated accounts companies | Banks and Deposit Companies (Fees) Act 1975, Bermuda Monetary Authority Amendment (No. 3) Act 2018, Segregated Accounts Companies Act 2000, 2016 BMA Annual Fees, 2017 Bermuda Monetary Authority Fees, 2020 Bermuda Monetary Authority Fees, 2021 Bermuda Monetary Authority Fees, 2022 Bermuda Monetary Authority Fees |
| Annually by 31 March | Pay the annual fee to the BMA as an AML/CFT registrant (after the first fee paid on registration). | entities registered under the Proceeds of Crime (AML/ATF) Act 2008 | 2017 Bermuda Monetary Authority Fees |
| Annually on or before 31 March | Certify continued compliance with exemption requirements and file audited financial statements and prospectus change details to the Authority. | Class A Exempt Funds, Class B Exempt Funds | Notice Investment Funds Amendment Act 2013 - Update (2013-07-31) |
| Before 31 March each year following registration | Pay the annual business fee to the BMA for the 1 January to 31 December period. | agents, brokers, insurance managers, registered insurers, salesmen | Consultation Comments - Insurance Amendment Act 2016 (Insurance Managers and Other Matters) |
| On or before 31 March each calendar year | Pay the annual business fee to the BMA. | registered insurers | Consultation Paper on Building Resources to Meet Advances in Global Insurance Supervision (2008-09-12) |
| On or before 31 March each year | Pay the annual fees under the Fifth Schedule to the Bermuda Monetary Authority. | Class C insurers, Class D insurers, Class E insurers, Commercial insurers, Internationally Active Insurance Groups (IAIGs), Long-term insurers, Private Trust Companies (PTCs), banks, companies providing corporate services within a company group, companies providing intra-group corporate services, corporate service provider businesses, corporate service providers, credit unions, deposit companies, designated insurers, digital asset (virtual asset) business licensees, digital asset business (DABA) licensees, digital asset business licensees, digital asset businesses, digital asset issuers, entities financially regulated under the Insurance Act 1978, entities registered under the Proceeds of Crime (AML/ATF) Act 2008, entities registered under the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Act 2008, entities subject to AML/ATF supervision under the Proceeds of Crime Act 2008, entities subject to Proceeds of Crime (AML/ATF) supervision, entities supervised under Proceeds of Crime (AML/ATF) legislation, exempted trust companies, fund administration provider businesses, fund administration providers, fund administrators, fund administrators licensed under the Fund Administration Provider Business Act 2019, insurance groups and internationally active insurance groups (IAIGs), insurance managers, insurers, insurers (Class 3A, 3B, 4, C, D, E), investment business licensees, investment fund administrators, investment funds and fund administrators, money service businesses, non-specified persons (affinity or rewards programme providers, game publishers, data storage or security service providers, group undertakings conducting digital asset activity for internal business operations, investment funds with a licensed or authorised investment manager), persons regulated under the Proceeds of Crime (AML/ATF) Act, persons regulated under the Proceeds of Crime (AML/ATF) Act 2008, single-director service companies, sole shareholder director service companies, trust companies, trust companies (trust business licensees), trust companies (trust licensees) | Bermuda Monetary Authority Act 1969, Bermuda Monetary Authority Amendment (No. 3) Act 2018, Corporate Service Provider Business Exemption Order 2015, Digital Asset Business Exemption Order 2023 (BR 66 / 2023), Trusts (Regulation of Trust Business) Exemption Order 2002, Reminder: Annual Insurance Fees Due 31 March (2019-06-24), Stakeholder Letter on Proposed Enhancements to the Regulatory Regime and Fees for Commercial Insurers (2023-07-28), Corporate Service Provider Business Act 2012 - Exemption Notification |
| On or before 31 March each year (first fee due on registration) | Pay the annual fee to the BMA under the Proceeds of Crime (AML/ATF Supervision and Enforcement) Act 2008. | businesses registered under the Proceeds of Crime (AML/ATF) Act 2008 | 2016 BMA Annual Fees |
| On or before 31 March each year after year of grant | Pay the annual licence fee to the BMA. | fund administration provider businesses, licensed undertakings | Fund Administration Provider Business Act 2019 |
| On or before 31 March each year following the year of issue | Pay the annual permit renewal fee of $10,000 to the Accountant General to maintain the permit. | managers or agents acting on behalf of non-resident insurance undertakings, non-resident insurance undertakings | Non-Resident Insurance Undertakings Act 1967 (1989 Revision) |
| On or before 30 April each year | Pay the annual licence fee to the Bermuda Monetary Authority. | licensed credit unions | Credit Unions Act 2010 |
| By end of May each year | File the first quarter's quarterly financial return (unaudited consolidated financial statements, intra-group transaction and risk concentration details, and largest unaffiliated counterparty exposures) with the Authority. | designated insurers, insurance groups | Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011 (BR 77/2011) |
| On or before 30 June each year | File the Statutory Financial Return with the Bermuda Monetary Authority, accompanied by management accounts, business plan, and a declaration signed by two directors. | Insurance Agents, Insurance Brokers, Insurance Brokers and Agents, Insurance Managers, Insurance Marketplace Provider, insurance agents, insurance brokers, insurance managers | Insurance (Insurance Marketplace Providers) (Statutory Financial Return) Rules 2020, Insurance (Prudential Standards) (Insurance Brokers and Agents Annual Return) Rules 2018, Insurance (Prudential Standards) (Insurance Managers Annual Return Amendment) Rules 2018, Insurance (Prudential Standards) (Insurance Managers Annual Return) Rules 2017, Notice - 2019 Filing Requirements for Insurance Intermediaries (2019-02-08), Notice - 2024 Annual Return Templates for Insurance Intermediaries (2024-02-28), Reminder: Insurance Brokers and Agents to File Annual Return by 30 June (2019-06-24) |
| On or before June 30th each year | File the annual return with the Authority (BMA). | Insurance Marketplace Providers | Insurance (Prudential Standards) (Insurance Marketplace Provider Annual Return) Rules 2019 (BR 155/2019) |
| By end of August each year | File the second quarter's quarterly financial return with the Authority. | designated insurers, insurance groups | Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011 (BR 77/2011) |
| By end of November each year | File the third quarter's quarterly financial return with the Authority. | designated insurers, insurance groups | Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011 (BR 77/2011) |
| Annually for the year ending 31 December | Complete and sign the Declaration of Compliance certifying compliance with statutory insurance requirements for the reporting year ending 31 December. | general business insurers, insurer directors | Declaration of Compliance - General business |
| Annually in the CISSA | Include annual updates on action plan implementation progress in the CISSA. | commercial insurers (classes 3A, 3B, 4, C, D and E), insurance groups | Guidance Note - Insurance - Management of Climate Change Risks for Commercial Insurers |
| Annually with the Capital and Solvency Return (from 2010 year-end onward) | Complete and submit the Catastrophe Risk Return (Cat Return) as part of the annual Capital and Solvency Return to the BMA. | Class 3B insurers, Class 4 insurers, Insurance Groups | Catastrophe Risk Return Guidelines (December 2016) |
| Annually with the Capital and Solvency Return (from 2011 year-end onward) | Complete and submit the Catastrophe Risk Return (Cat Return) as part of the annual Capital and Solvency Return to the BMA. | Class 3A insurers writing property catastrophe business | Catastrophe Risk Return Guidelines (December 2016) |
| Annually with the E-SFR filing | File the Loss Reserve Specialist Opinion (LRSO) annually with the E-SFR. | Class 1 insurers, Class 2 insurers, Class 3 insurers | YE Filing Requirements for Class 1 2 3 A B |
| Annually with the Statutory Economic Balance Sheet | File the Actuary's Opinion on the EBS Technical Provisions with the Statutory Economic Balance Sheet. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups | Guidance Note - Actuary's Opinion on EBS Technical Provisions |
| Annually, alongside the BSCR or E-SFR filing | Complete and file the Alternative Capital Schedule in the prescribed Excel format alongside the insurer's BSCR or E-SFR filing. | Commercial insurers (Classes 3A, 3B, 4, C, D, E), Limited Purpose Insurers (Classes 1, 2, 3, A, B), Special Purpose Insurers | 2018 Alternative Capital Schedule Instructions |
| Annually, together with the Statutory Economic Balance Sheet (EBS) | Provide the Actuary's Opinion on Technical Provisions together with the Statutory Economic Balance Sheet (EBS) to the Authority. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups | Guidance Note - Actuary's Opinion on EBS Technical Provisions (May 2016) |
| As soon as commercially practicable after the end of each calendar month | Disclose to clients the SCPS in circulation, backing asset composition and latest market/net asset value. | Single Currency Pegged Stablecoins Issuers (SCPSIs), Special Purpose Insurers (SPIs), cedants, investors and debtholders in SPIs | Digital Asset Business Single Currency Pegged Stablecoins (SCPS) Guidance, Digital Asset Business Single Currency Pegged Stablecoins (SCPS) Guidance (May 2024), Guidance Note - Special Purpose Insurers (1 July 2020) |
| As soon as practicable after financial year end | Issue the annual report and transmit the report and audited accounts to the Minister. | Financial Intelligence Agency (FIA) | Financial Intelligence Agency Act 2007 |
| As soon as practicable after the end of each financial year | Report on AML/ATF supervisory activities to the Minister and publish the report. | designated professional bodies | Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing Supervision and Enforcement) Act 2008 |
| At least three months before the start of each financial year | Submit expenditure estimates to the Minister for approval. | Financial Intelligence Agency (FIA) | Financial Intelligence Agency Act 2007 |
| At the close of each financial year | Place 25% of net surplus into the reserve fund until institutional capital equals 10% of total assets. | credit unions | Credit Union Statement of Principles (January 2011), Credit Unions Act 2010 - Statement of Principles (January 2011) |
| By the filing date (as defined in the Group Rules) | Furnish the annual insurance group capital and solvency return to the Authority. | designated insurers, insurance groups | Notice - Insurance (Prudential Standards)(Insurance Group Solvency Requirement) Rules 2011 (2011-11-25) |
| By the filing date set under section 17(4)(b) of the Insurance Act 1978 | File the annual Capital and Solvency Return (BSCR-IIGB or approved internal model output plus prescribed schedule returns) with the Authority. | Class IIGB Insurers | Insurance (Technical Standards) (Class IIGB Insurers) (Solvency Requirement) Rules 2020 (BR 41 / 2020) |
| By the filing date under section 17(4) of the Insurance Act 1978 | Furnish the capital and solvency return to the Authority. | Class C insurers, Class D insurers, Class E insurers | Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Rules 2011 |
| By the last day of May, August and November | File the quarterly financial return with the BMA. | Class 3B insurers, Class 4 insurers | 2024 Year-End Filing Requirements for Class 4 and Class 3B |
| Every 12 months from initial date of filing | Report any client asset freezes under the Bermuda sanctions regime occurring in the preceding 12 months. | Class IIGB insurers | Insurance (Technical Standards) (Class IIGB) (Solvency Requirement) Rules 2020 - Schedules |
| Every three years (triennially) | File the Loss Reserve Specialist Opinion (LRSO) with the BMA. | Class 2 insurers | 2021 YE Filing Requirements for Class 1, 2, 3, A and B |
| Five years from the date of filing | Retain a copy of the filed Statutory Financial Return at the provider's principal office for five years from the date of filing. | Insurance Marketplace Provider | Insurance (Insurance Marketplace Providers) (Statutory Financial Return) Rules 2020 |
| For 31 December year-end and all subsequent year-ends | Submit the Statutory Financial Return (SFR) electronically via the E-SFR system for the applicable year-end. | Insurance Class 1 insurers, Insurance Class 2 insurers, Insurance Class 3 insurers, Insurance Class A insurers, Insurance Class B insurers, Special Purpose Insurers | NOTICE - E-SFR 31 December 2016 Year End Filings (2016-10-31) |
| For financial year ending 31 December 2016 and beyond | File the annual Statutory Financial Return electronically via the E-SFR system. | Special Purpose Insurers (SPIs) | Notice E-SFR 2016 SPI Filings (2016-07-21) |
| From year-end 2023 onwards, in each CISSA/GSSA reporting cycle | Carry out a fuller, overarching climate risk status assessment with a clear action plan, timelines and prioritisation integrated into CISSA/GSSA (ORSA) reporting. | commercial insurers, insurance groups | Stakeholder Letter - Insurance - Management of Climate Change Risks for Commercial Insurers Guidance Note (2023-03-09) |
| Last day of May, August and November each year | File quarterly unaudited financial statements and details of material intra-group transactions, reinsurance/retrocession arrangements and large unaffiliated exposures with the Authority. | Class 3B insurers, Class 3B registered insurers not part of a group supervised by the Authority, Class 4 insurers, Class 4 registered insurers not part of a group supervised by the Authority, insurance groups | Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Rules 2008 (BR 83/2008), Notice - Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Amendment Rules 2011 (2011-11-14), Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Amendment Rules 2012, 2018 Year-End Filing Requirements for Class 4 and Class 3B, 2019 Year-End Filing Requirements for Insurance Groups, 2021 Year-End Filing Requirements for Class 4 and Class 3B, 2021 Year-End Filing Requirements for Insurance Groups |
| Last day of May, August and November each year | File quarterly financial returns (unaudited financial statements plus intra-group transaction and counterparty exposure detail) with the BMA under Rule 6AB. | Class 3B registered insurers not part of a BMA-supervised group, Class 4 registered insurers not part of a BMA-supervised group | Notice - Insurance (Prudential Standards)(Class 4 and Class 3B Solvency Requirement) Amendment Rules 2011 (2011-11-14) |
| On or before its annual filing date | Submit the completed Group Capital and Solvency Return (electronic and printed versions) to the BMA. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups, designated insurers | 2018 Group Capital and Solvency Return Instructions Handbook |
| On or before its filing date | File the capital and solvency return (BSCR-SME model output, prescribed Schedules, and any approved internal model printout) with the Authority. | Class 3A insurers, Class E insurers | Insurance (Prudential Standards) (Class 3A Solvency Requirement) Rules 2011, Insurance (Prudential Standards) (Class 3A Solvency Requirement) Rules 2011 (BR 73 / 2011), Notice - Insurance (Prudential Standards) (Class E Solvency Requirement) Rules 2011 (2011-11-14) |
| On or before its filing date each year | Submit the completed capital and solvency return (BSCR) to the BMA by the specified filing date. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups | 2018 Long-Term Business Capital and Solvency Return Instructions Handbook |
| On or before the applicable filing date each year | Submit the completed Capital and Solvency Return (BSCR) to the BMA. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups | 2023 Year-End General Business Handbook |
| On or before the filing date defined in section 17(4) of the Insurance Act 1978 | Submit the asset and liability statement, with the signed senior-management declaration, to the Bermuda Monetary Authority. | Class C insurers, Class D insurers, Class E insurers | Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Amendment Rules 2025 |
| On or before the filing date each year (per section 17(4)(b) of the Insurance Act 1978) | Prepare and file the financial condition report (in electronic and printed form) with the Authority in accordance with Schedule I. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers | Insurance (Public Disclosure) Rules 2015 |
| On or before the group's filing date | Furnish the Authority with the insurance group capital and solvency return. | designated insurers, insurance groups | Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011 (BR 77/2011) |
| On or before the group's specified filing date each year | Submit the completed Capital and Solvency Return to the BMA. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups | 2024 Interim Insurance Group Instructions Handbook |
| On or before the insurer's annual filing date | Submit the completed capital and solvency return (BSCR model, statutory statements and supporting schedules) to the BMA. | Class IIGB insurers, Innovative Insurer-General Business (IIGB) insurers | 2021 Innovative Insurer-General Business Handbook |
| On or before the insurer's filing date | File the capital and solvency return (electronic BSCR model plus prescribed schedules) with a loss reserve specialist's opinion and a two-director declaration to the Authority. | Class 3B insurers, Class 4 insurers | Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Rules 2008 (BR 83/2008) |
| On or before the insurer's filing date each year | Submit the completed annual capital and solvency return (BSCR model) to the BMA via the embedded submit macro. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups | 2021 Year-end General Business Handbook, 2022 Year-End Long-Term Instructions Handbook, 2024 Interim Long-Term Instructions Handbook, 2024 Year-end General Business Handbook |
| On or before the insurer's prescribed filing date each year | Submit the completed capital and solvency return (BSCR/IIGB return) to the BMA using the BSCR model. | Class IIGB insurers, IIGB insurers | 2022 IIGB Handbook |
| On or before the insurer's specified filing date each year | Submit the completed capital and solvency return (BSCR model) to the BMA. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups | 2020 Year-end General Business Handbook |
| On or before the last day of May, August and November each year | Prepare and file quarterly financial returns with the BMA (including unaudited financial statements, intra-group transaction and risk-concentration details, largest counterparty exposures, ECR ratio, and bond totals by BSCR rating). | Class 3B insurers, Class 4 insurers, Class D insurers, Class E insurers, designated insurers, insurance groups | Insurance (Prudential Standards) (Class C, Class D and Class E Solvency Requirement) Amendment (No. 2) Rules 2022, Notice - Insurance (Prudential Standards)(Insurance Group Solvency Requirement) Rules 2011 (2011-11-25), 2019 Year-End Filing Requirements for Insurance Groups, 2018 Year-End Filing Requirements for Insurance Groups, 2020 Year-End Filing Requirements for Class 4 and Class 3B, 2020 Year-End Filing Requirements for Insurance Groups, 2021 Year-End Filing Requirements for Class D and E, 2022 Year-End Filing Requirements for Class D and E |
| On or before the last day of May, August and November each year | File quarterly financial returns (unaudited financial statements, intra-group transactions, risk concentrations, ECR ratio, bond holdings and catastrophe event details) with the BMA. | Class 3B (re)insurers not supervised as part of a group, Class 4 (re)insurers not supervised as part of a group | 2023 Year-End Filing Requirements for Class 4 and Class 3B |
| On or before the last day of May, August and November each year | File the quarterly financial return with the BMA. | Class 3B insurers, Class 4 insurers | 2022 Year-End Filing Requirements for Class 4 and Class 3B |
| On or before the last day of every third month, beginning three months after the filing date | Prepare and file the quarterly financial return under paragraph 6AB (including unaudited financial statements, material intra-group transactions, intra-group reinsurance/retrocession exposures, and ten largest counterparty exposures) with the BMA. | Class 3B insurers, Class 4 insurers | Insurance (Prudential Standards)(Class 4 and Class 3B Solvency Requirement) Amendment Rule 2011 |
| Quarterly, in May, August and November | File quarterly unaudited financial statements and related returns with the BMA in the revised filing months (May, August and November). | Class 3B insurers, Class 4 insurers | Response to Industry Comments - Insurance (Prudential Standards) (Class 4 and Class 3B Solvency Requirement) Amendment Rules 2011 (2011-11-22) |
| Together with the Annual Statutory Financial Statements | File the Alternative Capital Arrangements information (Schedule III) with the BMA alongside the Annual Statutory Financial Statements. | Special Purpose Insurers | Insurance (Special Purpose Insurers) (Statements, Returns and Solvency Requirements) Rules 2020 - Schedules |
| Triennially (every three years) | File the Loss Reserve Specialist Opinion (LRSO) on a triennial basis. | Class 2 insurers | 2024 Year-End Filing Requirements for Class 1, 2, 3, A and B |
| Triennially with the E-SFR filing | File the Loss Reserve Specialist Opinion (LRSO) triennially with the E-SFR. | Class 2 insurers | YE Filing Requirements for Class 1 2 3 A B |
| With the CARP submission | Submit all required templates, information, and the EEA's IRRBB validation report at the same time as (or ahead of) the CARP submission. | banks | Annual Update - Stress Testing in the Capital Assessment and Risk Profile (CARP) for Bermuda's Banking Sector 2018 |
| With the annual statutory financial return | Submit the board's confirmation of Code compliance together with the statutory declaration signed by the Principal Representative and two directors, filed with the annual statutory financial return. | (re)insurers registered under Section 4 of the Insurance Act 1978 | Insurance Code of Conduct, Notice and Appendices |
| Within 10 business days after each calendar month end | Provide asset composition, market value and/or net asset value data to cedants/insureds and investors/debt-holders. | Special Purpose Insurers (SPIs) | Guidance Note #20 - Special Purpose Insurers |
| Within 10 days of the reconciliation date | Complete each monthly reconciliation within 10 days of the date to which it relates and correct any differences forthwith. | licensed undertakings providing custodial wallet services (Class F, M and T) | Digital Asset Business (Custody of Client Assets) Rules 2025 |
| Within 14 days of filing the FCR | Publish the Financial Condition Report on your website within 14 days of filing it with the Authority. | commercial insurers, insurance groups | Response to Industry Comments - Enhancements to Bermuda's Insurance Regulatory Regime (2015-06-12) |
| Within 14 days of filing the report | Publish the financial condition report on the insurer's website within 14 days of filing it with the Authority. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers | Insurance (Public Disclosure) Rules 2015 |
| Within 20 business days after each calendar quarter | File quarterly reporting for Institutional, Administered and Specified Jurisdiction Funds with the BMA via INTEGRA. | Administered Funds, Institutional Funds, Specified Jurisdiction Funds | Investment Fund Guidelines (Updated December 2023) |
| Within 20 business days after each month-end | File monthly NAV, subscription and redemption data for Standard Funds with the BMA via INTEGRA. | Standard Funds | Investment Fund Guidelines (Updated December 2023) |
| Within 20 business days after the end of the relevant valuation period | File the required fund valuations with the Bermuda Monetary Authority within 20 business days of the relevant valuation period. | administered funds, fund operators, institutional funds, registered funds, specified jurisdiction funds, standard funds | Investment Fund Rules 2019 |
| Within 20 business days of the last day of each month | Submit the monthly written activity report on the fund (NAV, subscription/redemption activity, units in issue) to the Authority. | fund operator | Investment Funds (Specified Jurisdiction Fund) (Japan) Rules 2012 |
| Within 21 business days of each calendar quarter | Submit standard financial statements and liquidity analysis to the BMA. | licensed trust undertakings | Trusts (Regulation of Trust Business) Act 2001 - Information for Prospective Applicants (April 2020) |
| Within 21 days of quarter end | File the quarterly financial statement, liquidity analysis, PIR (where required), and CFD supplementary return with the BMA where required. | Standard licensees, Test licensees | Investment Business - Framework at a Glance (Effective 27 July 2022) |
| Within 28 days of each calendar quarter end | Submit the completed Statistical Report to the Authority under section 69 of the Act. | money service businesses | Guidance Notes - Money Service Business Act 2016 |
| Within 28 days of the date specified in Rules | File prudential and other returns under the proposed section 36A of the Banks and Deposit Companies Act | banks, deposit companies | Explanatory Memorandum - Banks and Deposit Companies Amendment Act 2012, Trusts (Regulation of Trust Business) Amendment Act 2012, Investment Business Amendment Act 2012 |
| Within 28 days of the day specified in the Rules | File the prescribed prudential and other returns with the Authority. | banks, deposit companies | Explanatory Memorandum – Banks and Deposit Companies Amendment Act 2012, Trusts (Regulation of Trust Business) Amendment Act 2012, Investment Business Amendment Act 2012 |
| Within 28 days of the end of each calendar quarter | Deliver the completed Statistical Report (Appendix VI) to the Bermuda Monetary Authority, certified by an authorised individual. | money service businesses | Appendix VI - Statistical Report - Money Service Business Act 2016 |
| Within 4 months after financial year end | File the Statutory Financial Return, Capital and Solvency Return, and audited financial statements with the BMA. | Class 3A (re)insurers, Class 3A insurers, Class D insurers, Class E (re)insurers, Class E insurers | 2019 Year-End Filing Requirement for Class E, 2021 Year-End Filing Requirements for Class D and E, 2023 Year-End Filing Requirements for Class 3A, 2024 Year-End Filing Requirements for Class 3A |
| Within 4 months after financial year end (extendable to 7 months with BMA approval) | File the Statutory Financial Return (SFR) with the BMA. | Bermuda Long-Term Commercial Insurers, Class 3A insurers, Class C insurers, Class D insurers, Class E insurers | 2020 Year-End Filing Requirements for Class 3A, 2020 Year-End Filing Requirements for Class D and Class C, 2024 Year-End Filing Requirements for Class D and E |
| Within 4 months after financial year end (extendable up to 7 months on application) | File the Statutory Financial Return (Insurer Information Sheet, auditor's report, Statutory Financial Statements and Statutory Declaration of Compliance) with the BMA. | Class 3B (re)insurers, Class 4 (re)insurers | 2023 Year-End Filing Requirements for Class 4 and Class 3B |
| Within 4 months after financial year end (up to 7 months with Authority approval) | File the Statutory Financial Return (SFR) with the Bermuda Monetary Authority. | Class C (re)insurers, Class D insurers | 2024 Year-End Filing Requirements for Class C |
| Within 4 months after financial year end (up to 7 months with approval) | File audited financial statements prepared under IFRS or a recognised GAAP with the BMA. | Class D insurers, Class E insurers | 2021 Year-End Filing Requirements for Class D and E |
| Within 4 months after the end of the financial year | File the Statutory Financial Return (SFR) with the BMA. | Class 3A (re)insurers, Class 3A insurers, Class D insurers, Class E insurers | 2021 Year-End Filing Requirements for Class 3A, 2022 Year-End Filing Requirements for Class 3A, 2023 Year-End Filing Requirements for Class D and E |
| Within 4 months from the end of the financial year | Deliver a signed certificate of compliance to the Authority certifying compliance with the Money Service Business Act 2016 for the financial year just ended. | Class 3A (re)insurers, investment business licence holders, investment business registrants, investment providers, money service business licensees | 2022 Year-End Filing Requirements for Class 3A, Appendix V - Certificate of Compliance - Money Service Business Act 2016, Investment Business Act 2003 - Appendix 5 Certificate of Compliance (IB Form 4) |
| Within 4 months of financial year end | File the applicable prudential Rule or statutory return with the BMA. | Class B Registered Persons, Class C (re)insurers, Class C insurers, Class D insurers, Class IIGB (re)insurers, Fund Administration Provider licence holders, Special Purpose Insurers (SPIs), Standard licensees, Test licensees, corporate service provider business licence holders (limited and unlimited), corporate service providers, fund administration providers, fund administrators, holders of corporate service provider licences, licensed fund administrators, licensed undertakings carrying on virtual currency business, unlimited trust licensees | Virtual Currency Business Act 2018, Fund Administration Provider Business Guidance Note - Guidance for Prospective Applicants, Fund Administrators - Information for Prospective Applicants and Guidance Notes (February 2011), Guidance Note #20 - Special Purpose Insurers, Investment Business - Framework at a Glance (Effective 27 July 2022), Trusts (Regulation of Trust Business) Act 2001 - Information for Prospective Applicants (April 2020), Notice - Code of Practice Consultation Paper (2014-09-15), Notice - Investment Funds Amendment Act 2013 |
| Within 4 months of financial year end (extendable to 7 months on application) | File the Statutory Financial Return, Capital and Solvency Return, and Audited Financial Statements with the BMA. | Class 3A insurers, Class 3A reinsurers, Class 3B insurers, Class 4 insurers | 2018 Year-End Filing Requirements for Class 3A, 2018 Year-End Filing Requirements for Class 4 and Class 3B, 2022 Year-End Filing Requirements for Class 4 and Class 3B, 2024 Year-End Filing Requirements for Class 4 and Class 3B |
| Within 4 months of financial year end (extendable to 7 months with Authority approval) | File the Statutory Financial Return, Capital and Solvency Return, and audited financial statements with the BMA. | Class 3B insurers, Class 4 insurers, Class D insurers, Class E (re)insurers, Class E insurers | 2020 Year-End Filing Requirements for Class 4 and Class 3B, 2020 Year-End Filing Requirements for Class E, 2021 Year-End Filing Requirements for Class 4 and Class 3B, 2022 Year-End Filing Requirements for Class D and E |
| Within 4 months of financial year end (extendable up to 7 months on application) | File the Statutory Financial Return (SFR), comprising the Insurer Information Sheet, Auditor's report, and Statutory Financial Statements, with the BMA. | Class IIGB (re)insurers | 2021 Year-End Filing Requirements for Class Innovative Insurer-General Business |
| Within 4 months of financial year end (up to 7 months with BMA approval) | File the Statutory Financial Return (SFR) with the BMA. | Class C (re)insurers, Class C insurers | 2022 Year-End Filing Requirements for Class C |
| Within 4 months of financial year-end (5 months for insurance groups) | File the annual statutory filing (including the BSCR model) with the Authority. | Class 3A insurers, Class 3B insurers, Class 4 insurers, Class C insurers, Class D insurers, Class E insurers, Insurance Groups | Notice - BSCR Models for 2017 Year-End Statutory Reporting and Participation on the Market Trial-Run Exercise (2018-03-29) |
| Within 5 months after financial year end (extendable to 8 months with Authority approval) | File the Group Statutory Financial Return, Group Capital and Solvency Return, and audited group financial statements with the Authority. | designated insurers, insurance groups | 2019 Year-End Filing Requirements for Insurance Groups |
| Within 5 months after financial year end (extendable to 8 months with BMA approval) | File the Group Statutory Financial Return with the BMA. | designated insurers, insurance groups | 2018 Year-End Filing Requirements for Insurance Groups, 2024 Year-End Filing Requirements for Insurance Groups |
| Within 5 months of financial year end (extendable to 8 months with Authority approval) | File the Group Statutory Financial Return, Group Capital and Solvency Return, and audited group financial statements with the BMA. | designated insurers, insurance groups | 2019 Year-End Filing Requirements for Insurance Groups, 2022 Year-End Filing Requirements for Insurance Groups, 2023 Year-End Filing Requirements for Insurance Groups |
| Within 5 months of financial year end (extendable to 8 months with BMA approval) | File the Group Statutory Financial Return, Group Capital and Solvency Return, and audited group financial statements with the BMA. | designated insurers, insurance groups | 2020 Year-End Filing Requirements for Insurance Groups |
| Within 5 months of financial year end (extendable up to 8 months at the Authority's discretion) | File the Group Statutory Financial Return, Group Capital and Solvency Return, and audited consolidated group financial statements with the BMA. | designated insurers, insurance groups | 2021 Year-End Filing Requirements for Insurance Groups |
| Within 6 months of financial year end | Prepare and file audited financial statements (or, for registered Private funds, audited or unaudited statements) within six months of the financial year end and distribute reports to participants. | (re)insurers, Class 1 insurers, Class 2 insurers, Class 3 insurers, Class A insurers, Class B insurers, Private Funds, Professional Class A funds, Professional Class B funds, Professional Closed Funds, authorised funds, fund operators | Investment Fund Rules 2019, 2015 Year-End Filing Requirements Class A and B, 2021 YE Filing Requirements for Class 1, 2, 3, A and B, 2024 Year-End Filing Requirements for Class 1, 2, 3, A and B, YE Filing Requirements for Class 1 2 3 A B |
| Within 6 months of financial year end (unless prospectus specifies otherwise) | Prepare and distribute the annual report, including audited financial statements, to participants. | fund operator, specified jurisdiction fund for Japan | Investment Funds (Specified Jurisdiction Fund) (Japan) Rules 2012 |
| Within 6 months of the fund's financial year-end | File the annual return (and, for Standard, Institutional, Administered and Specified Jurisdiction Funds, the annual statement of compliance) with the BMA via INTEGRA. | Administered Funds, Designated Overseas Funds, Institutional Funds, Private Funds, Professional Class A Funds, Professional Class B Funds, Professional Closed Funds, Specified Jurisdiction Funds, Standard Funds | Investment Fund Guidelines (Updated December 2023) |
| Within 6 months of the fund's year end | File the annual certification form with the BMA within six months of the fund's financial year end. | authorised funds, designated overseas funds, registered funds | Notice - Investment Funds - Annual Certification Forms Update (2021-04-23) |
| Within four months of the end of each financial year | Provide the Authority a copy of the management accounts submitted to participants (where unaudited accounts are accepted under a Section 56 request). | Special Purpose Insurers (SPIs), licensed undertakings under the Trusts (Regulation of Trust Business) Act 2001, trust licence holders | Information Bulletin - Special Purpose Insurers (2009-10-05), Appendix V - Certificate of Compliance |
| Within six months after financial year end | Submit the statement of accounts to the Auditor General. | Financial Intelligence Agency (FIA) | Financial Intelligence Agency Act 2007 |
| Within the period and at the intervals specified in the issuer's authorisation | File the electronic periodic return with the Authority covering organisational structure, directors/officers, revenue, transaction volumes, client profiles and outsourcing, with a signed declaration of accuracy. | issuers of digital asset issuances in or from within Bermuda | Digital Asset Issuance Rules 2020 |
| Within two months after each quarter end | File the quarterly return with the BMA. | Class C insurers, Class D insurers, Class E insurers, long-term insurers | Notice - 2022 Legislative Changes (2021-12-15) |
Upcoming one-time deadlines
| Deadline | Action required | Applies to | Source instrument |
|---|---|---|---|
| 31 December 2026 | Ensure compliance with the amendments to the Insurance Code of Conduct implementing the Prudent Person Principle enhancements. | Bermuda regulated commercial insurers (Classes 3A, 3B, 4, C, D and E), insurance groups for which the BMA is the Group Supervisor | Stakeholder Letter - Consultation Paper - Proposed Instructions and Guidance on the Application of the Prudent Person Principle (2026-06-09) |
| 1 January 2027 | Ensure full compliance with the Operational Resilience and Outsourcing Code's requirements (Banks and Deposit Companies Act licensees). | Banks and Deposit Companies | Operational Resilience and Outsourcing Code (September 2025) |
| 31 March 2028 | Ensure full compliance with the Operational Resilience and Outsourcing Code's requirements. | Commercial Insurers (Class 3A, 3B, 4, C, D, E), Commercial Insurers (Classes 3A, 3B, 4, C, D, E), Corporate Service Providers, Digital Asset Businesses (Class F), Fund Administration Provider Businesses, IIGB and IILT Insurers, Insurance Brokers, Insurance Managers, Insurance Marketplace Providers and Agents, Investment Businesses, Money Service Businesses, Trust Businesses | Operational Resilience and Outsourcing Code (September 2025), Operational Resilience and Outsourcing Code (September 2025) (Tracked Changes) |