BMA
Statement of Guidance
117 published document(s) from Bermuda Monetary Authority.
| Citation | Status | Summary |
|---|---|---|
| ALC Information Bulletin - DAB Application Process | Status not confirmed | This BMA information bulletin explains how the Assessment and Licensing Committee (ALC) processes applications for licensing under the Digital Asset Busin… |
| AML/ATF Sector Specific Guidance Notes for Trust Business on the Prevention and Detection of Money Laundering and the Financing of Terrorism | Status not confirmed | This is sector specific AML/ATF guidance issued by the Bermuda Monetary Authority for trust business, supplementing the BMA's General Guidance Notes and t… |
| AML/ATF Sector-Specific Guidance Notes for the Securities Sector (Annex III) 2021 | Status not confirmed | This is Annex III of the BMA's 2021 AML/ATF Guidance Notes, providing sector-specific guidance for the securities sector. It supplements (but does not rep… |
| AML/ATF Sectoral Guidance Notes for CSPs (2021) - Annex VI | Status not confirmed | This is Annex VI to the BMA's 2021 AML/ATF Guidance Notes, providing sector-specific guidance for corporate service provider (CSP) business. It supplement… |
| Annex I - Sector-Specific Guidance Notes for Trust Business (2022 Guidance Notes for AML/ATF Regulated Financial Institutions) | Status not confirmed | This is Annex I of the BMA's 2022 AML/ATF Guidance Notes, providing sector-specific guidance for persons carrying on trust business in Bermuda. It supplem… |
| Annex II - Sector-Specific Guidance Notes for Long-Term Insurance Business | Status not confirmed | This is Annex II of the BMA's AML/ATF Guidance Notes, providing sector-specific guidance for long-term insurance business. It supplements (but does not re… |
| Annex III - Sector-Specific Guidance Notes for the Securities Sector (2022) | Status not confirmed | This is Annex III of the BMA's 2022 AML/ATF Guidance Notes, providing sector-specific guidance for the securities sector. It supplements (but does not rep… |
| Annex VI - Sector-Specific Guidance Notes for Corporate Service Provider Business | Status not confirmed | This is Annex VI of the Bermuda Monetary Authority's AML/ATF guidance notes, providing sector-specific guidance for persons carrying on corporate service… |
| Annex VII - Sector-Specific Guidance Notes for Money Service Business (2022 GN, 14 February 2023) | Status not confirmed | This is Annex VII of the BMA's 2022 AML/ATF Guidance Notes, providing sector-specific guidance for Money Service Business (MSB). It supplements (but does… |
| Annex VIII - Sector-Specific Guidance Notes for Digital Asset Business | Status not confirmed | This is Annex VIII to the Bermuda Monetary Authority's AML/ATF guidance notes, providing sector-specific guidance for persons conducting digital asset bus… |
| Annex VIII - Sector-Specific Guidance Notes for Digital Asset Business (DAB) | Status not confirmed | This Annex VIII provides sector-specific AML/ATF guidance from the Bermuda Monetary Authority for entities conducting Digital Asset Business (DAB), also k… |
| Annual Update - Stress Testing in the Capital Assessment and Risk Profile (CARP) for Bermuda's Banking Sector 2018 | In force | This is the Bermuda Monetary Authority's 2018 annual update to its Capital Assessment and Risk Profile (CARP) stress testing guidance for Bermuda's bankin… |
| BMA Guidance Note - Role of the Approved Auditor for Class 3A, 3B, 4, C, D and E Insurers and Insurance Groups (June 2016) | Status not confirmed | This BMA Guidance Note explains the role, approval process and ongoing duties of the approved auditor for Bermuda registered Class 3A, 3B, 4, C, D and E i… |
| BMA Insurance Guidance Note #7 - Fit and Proper Criteria - Principal Representative, Insurance Manager and Intermediaries (March 2005) | Status not confirmed | This is Bermuda Monetary Authority Guidance Note #7, setting out the criteria the BMA uses to decide whether a person is fit and proper to act as Principa… |
| BMA Insurance Regulatory Sandbox and Innovation Hub Guidance Note (September 2018) | Status not confirmed | This Guidance Note explains the BMA's Insurance Regulatory Sandbox and Innovation Hub, two voluntary innovation tracks aimed initially at insurtech compan… |
| BSCR Long-Term 2010 Instruction Handbook | Status not confirmed | This is a technical instruction manual issued by the Bermuda Monetary Authority explaining how to complete the Bermuda Solvency Capital Requirement (BSCR)… |
| Basel III for Bermuda Banks and Deposit Companies - Guidance Notes (Amended February 2024) | In force | This is the BMA's consolidated Basel III guidance for Bermuda licensed banks and deposit companies, amended February 2024 to incorporate the Basel III pos… |
| CSP Business Act 2012 - Guidance Notes: Information for Prospective Applicants (March 2020) | Status not confirmed | This is a Bermuda Monetary Authority guidance note explaining the licensing regime and supervisory approach under the Corporate Service Provider Business… |
| Catastrophe Risk Return Guidelines (December 2016) | Status not confirmed | These BMA guidelines explain how insurers must complete the Catastrophe Risk Return (Cat Return), which is embedded within the annual Capital and Solvency… |
| Clarification of Guidance Note 4 - Financial Guaranty Liabilities and Bermuda Statutory Returns (April 2008) | Status not confirmed | This is Bermuda Monetary Authority guidance clarifying how Guidance Note 4 (GN4) applies to financial guaranty business when preparing Bermuda statutory f… |
| Consultation Paper - Guidance Notes for Recovery Planning Requirements (2025-04-11) | Draft | This is a Bermuda Monetary Authority consultation paper setting out draft Guidance Notes that explain how the Authority expects insurers to comply with th… |
| Corporate Service Providers Guidance Notes (December 2012) | Status not confirmed | These guidance notes explain how the Bermuda Monetary Authority expects licensed Corporate Service Providers (CSPs) to comply with the Corporate Service P… |
| Determination of Discount Rates for Economic Balance Sheet Framework (July 2015) | In force | This BMA guidance document sets out how discount rates are determined under the Economic Balance Sheet (EBS) framework used to value technical provisions… |
| Digital Asset Business Act 2018 - Head Office Guidance (April 2021) | Status not confirmed | This is BMA guidance explaining how the Authority assesses compliance with the head office requirement in Section 21 of the Digital Asset Business Act 201… |
| Digital Asset Business Single Currency Pegged Stablecoins (SCPS) Guidance | Status not confirmed | This is BMA guidance clarifying prudential expectations for Digital Asset Business (DAB) licensees under the Digital Asset Business Act 2018 that issue Si… |
| Digital Asset Business Single Currency Pegged Stablecoins (SCPS) Guidance (May 2024) | Status not confirmed | This is BMA guidance, not binding law, setting out the Authority's supervisory expectations for entities licensed under the Digital Asset Business Act 201… |
| Draft Guidance Note - Special Purpose Insurers (2019) | Draft | This is a draft revised Guidance Note from the Bermuda Monetary Authority updating its 2009 guidance on Special Purpose Insurers (SPIs), the vehicle class… |
| Enforcement Guide: Statement of Principles & Guidance on the Exercise of Enforcement Powers (September 2018) | In force | This is the Bermuda Monetary Authority's Enforcement Guide (September 2018), a Statement of Principles required under Bermuda's Regulatory Acts and the Pr… |
| Exchange Control Regulations Enforcement Guide 2023 | In force | This is guidance issued by the Bermuda Monetary Authority (acting as Controller of Foreign Exchange) explaining how it will exercise its formal enforcemen… |
| FAQs - Registering to be a Non-Licensed AML/ATF Regulated Financial Institution (NLP) (2018-09-11) | In force | This FAQ document explains changes to the Bermuda Monetary Authority's (BMA) Non-Licensed Person (NLP) registration regime for AML/ATF purposes, following… |
| FSIU Financial Sanctions General Guidance for Financial Sanctions (2021-09-24) | Status not confirmed | This is general guidance issued by Bermuda's Financial Sanctions Implementation Unit (FSIU) explaining how Bermuda's financial sanctions regime operates a… |
| Feedback on 2016 FCR Filings and Guidance to Market for 2017 Year-end Filing (2018-03-09) | In force | This is BMA guidance reviewing the first round of Financial Condition Report (FCR) filings made by insurers and insurance groups for 2016, issued under th… |
| Foreign Currency Exposure Return Guidance Notes | Status not confirmed | These are guidance notes from the Bermuda Monetary Authority explaining how licensed banks and deposit companies must complete the Foreign Currency Exposu… |
| Fund Administration Provider Business Guidance Note - Guidance for Prospective Applicants | Status not confirmed | This is a Bermuda Monetary Authority guidance note explaining the licensing and supervisory regime for fund administration provider business under the Fun… |
| Fund Administrators - Information for Prospective Applicants and Guidance Notes (February 2011) | Status not confirmed | This is Bermuda Monetary Authority guidance explaining the licensing regime for fund administrators under Part III of the Investment Funds Act 2006. It se… |
| Further Guidance - CSP Gatekeeper Role (2017-06-14) | Status not confirmed | This guidance from the Bermuda Monetary Authority sets out expectations for Corporate Service Providers (CSPs) engaged in unlimited activities such as com… |
| General Guidance Notes for AML/ATF Regulated Financial Institutions on AML/ATF (July 2021) | Status not confirmed | This is the Bermuda Monetary Authority's comprehensive AML/ATF Guidance Notes (July 2021), issued under Section 5(2) of the Proceeds of Crime (Anti-Money… |
| Guidance Note #10: Role of the Approved Actuary (March 2005) | Status not confirmed | This Guidance Note from the Bermuda Monetary Authority's Insurance Department explains the eligibility, appointment and reporting role of the Approved Act… |
| Guidance Note #11: Market Conduct for Domestic Insurance Business – Insurers and Intermediaries (March 2005) | Status not confirmed | This is Guidance Note #11 from the Bermuda Monetary Authority's Insurance Department, setting out market conduct expectations for insurers and intermediar… |
| Guidance Note #20 - Special Purpose Insurers | Status not confirmed | This guidance note explains how the Bermuda Monetary Authority licenses and supervises Special Purpose Insurers (SPIs), a class of insurer created by the… |
| Guidance Note #4: Role of the Loss Reserve Specialist (March 2006) | Status not confirmed | This is Bermuda Monetary Authority Guidance Note #4 (March 2006), explaining the role, appointment, and reporting obligations of the Loss Reserve Speciali… |
| Guidance Note #8: Appointment and Duties of the Insurance Manager (March 2005) | Status not confirmed | This is BMA Guidance Note #8, explaining how the Insurance Act 1978 (as amended) and its regulations apply to the registration, appointment and duties of… |
| Guidance Note - Actuary's Opinion on EBS Technical Provisions | Status not confirmed | This Guidance Note sets out the Bermuda Monetary Authority's expectations for the appointment, approval and role of Actuaries who provide the annual Actua… |
| Guidance Note - Actuary's Opinion on EBS Technical Provisions (May 2016) | Status not confirmed | This Guidance Note sets out the Bermuda Monetary Authority's expectations for the appointment, approval and professional conduct of Actuaries who provide… |
| Guidance Note - Application of Changes in US GAAP Accounting to the Statutory Financial Statements of Financial Guaranty Companies (April 2010) | Status not confirmed | This is a 2010 BMA guidance note addressing how Bermuda statutory financial statements of financial guaranty companies should treat changes introduced by… |
| Guidance Note - Banks and Deposit Companies Supervisory LTV Limits and Supervisory Guidelines on TDSR for Real Property Loans (May 2014) | Status not confirmed | This guidance note sets out supervisory Loan to Value (LTV) limits and Total Debt Service Ratio (TDSR) guidelines that the Bermuda Monetary Authority expe… |
| Guidance Note - Digital Asset Business - Guidance for prospective applicants for licensing (September 2025) | Status not confirmed | This is a Bermuda Monetary Authority guidance note explaining what it expects to see in applications for a Digital Asset Business (DAB) licence under the… |
| Guidance Note - Group Actuary's Opinion (Draft, June 2012) | Draft | This is a draft guidance note in which the Bermuda Monetary Authority sets out its expectations for the appointment, approval and role of a Group Actuary… |
| Guidance Note - Group Actuary's Opinion (January 2014) | Status not confirmed | This BMA Guidance Note explains the Authority's expectations regarding the Group Actuary (GA) function required under the Insurance (Group Supervision) Ru… |
| Guidance Note - Insurance - Management of Climate Change Risks for Commercial Insurers | Status not confirmed | This is a Bermuda Monetary Authority guidance note setting out expectations for how commercial insurers and insurance groups should identify, govern and m… |
| Guidance Note - Internal Capital Models (Standards and Application Framework for the Use of Internal Capital Models for Regulatory Capital Purposes) (Revised July 2015) | Status not confirmed | This is a Bermuda Monetary Authority guidance note explaining the standards and process insurers and insurance groups must follow if they wish to use an I… |
| Guidance Note - Legacy Insurance Groups Accounting and Capital Treatment for Corporate Liabilities | In force | This guidance note from the Bermuda Monetary Authority sets out how Bermuda-regulated Legacy Insurance Groups and Insurers must seek approval for, account… |
| Guidance Note - Management of Climate Change Risks for Commercial Insurers (August 2022) | Status not confirmed | This BMA guidance note sets out the Authority's expectations for how commercial insurers and insurance groups should govern, manage and report on climate… |
| Guidance Note - Role of the Approved Auditor (December 2013) | Status not confirmed | This is a consolidated Bermuda Monetary Authority guidance note explaining the role, appointment, approval and ongoing obligations of the approved auditor… |
| Guidance Note - Role of the Approved Auditor for Class 1, 2, 3, A, B and Special Purpose Insurers (June 2016) | Status not confirmed | This Bermuda Monetary Authority guidance note explains the role, appointment, and responsibilities of the approved auditor for Class 1, 2, 3, A, B and Spe… |
| Guidance Note - Special Purpose Insurers (1 July 2020) | In force | This Guidance Note sets out the Bermuda Monetary Authority's regulatory and supervisory approach to Special Purpose Insurers (SPIs), a licence class creat… |
| Guidance Note - Standards and Application Framework for the Use of Internal Capital Models for Regulatory Capital Purposes (Revised September 2012) | Status not confirmed | This BMA guidance note sets out the standards and application framework insurers must follow if they wish to use an internal capital model (ICM) instead o… |
| Guidance Note - Troubled Debt Restructuring (TDR) Supervisory Expectations | Status not confirmed | This BMA guidance note sets out supervisory expectations for how Bermuda licensed banks and deposit taking institutions should identify, classify and mana… |
| Guidance Note for Recovery Planning Requirements (2026-03-20) | Status not confirmed | This Guidance Note from the Bermuda Monetary Authority explains the BMA's expectations for insurers required to prepare a Recovery Plan under the Insuranc… |
| Guidance Note for Recovery Planning Requirements (Tracked Changes Version) | Status not confirmed | This Guidance Note from the Bermuda Monetary Authority explains the Authority's expectations for insurers subject to recovery planning requirements under… |
| Guidance Note on Supervisory Colleges (June 2012) | Status not confirmed | This is a June 2012 BMA Guidance Note explaining how the Bermuda Monetary Authority conducts supervisory colleges, both when it acts as group supervisor f… |
| Guidance Notes - Assessment of Shareholder Controllers and Controllers (September 2014) | Status not confirmed | This is Bermuda Monetary Authority guidance explaining how it assesses shareholder controllers and controllers of registered insurers under the Insurance… |
| Guidance Notes - Guidance for DAB Conducting Investment Business in an Ancillary Manner - October 2022 (Revised) | Status not confirmed | This BMA guidance explains when a Digital Asset Business (DAB) licensee under the Digital Asset Business Act 2018 (DABA) that also carries on investment b… |
| Guidance Notes - Islamic Collective Investment Schemes (April 2011) | Status not confirmed | This guidance note explains how the Bermuda Monetary Authority (BMA) applies the existing investment funds regulatory framework to Islamic Collective Inve… |
| Guidance Notes - Large Exposure Return (December 2011) | Status not confirmed | These guidance notes from the Bermuda Monetary Authority explain how licensed banks and deposit companies must complete the Large Exposure Return, a perio… |
| Guidance Notes - Large Exposures Framework for Bermuda Banks and Deposit Companies (December 2024) | In force | This BMA Guidance Note sets out the Large Exposures (LE) framework that Bermuda-licensed banks and deposit companies must apply to measure, monitor, contr… |
| Guidance Notes - Money Service Business Act 2016 | Status not confirmed | This document is guidance issued by the Bermuda Monetary Authority explaining the licensing regime and supervisory approach under the Money Service Busine… |
| Guidance Notes for AML/ATF Regulated Financial Institutions 2022 - Annex VI: Sector-Specific Guidance Notes (SSGN) for Corporate Service Provider (CSP) Business | Status not confirmed | This is Annex VI of the BMA's 2022 AML/ATF Guidance Notes, providing sector-specific guidance for Corporate Service Provider (CSP) business in Bermuda. It… |
| Guidance Notes for AML/ATF Regulated Financial Institutions on Anti-Money Laundering and Anti-Terrorist Financing 2023 (BMA) | Status not confirmed | These are the Bermuda Monetary Authority's General Guidance Notes on Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF), approved by the Attorne… |
| Guidance Notes for AML/ATF Regulated Financial Institutions on Anti-Money Laundering and Anti-Terrorist Financing 2023 (Bermuda Monetary Authority) Notice 2023 | Status not confirmed | These are the Bermuda Monetary Authority's comprehensive AML/ATF Guidance Notes, approved by the Attorney-General and Minister of Legal Affairs and Consti… |
| Guidance Notes for Applications for Adjustments Under Section 6D of the Insurance Act | Status not confirmed | This BMA guidance note explains how commercial insurers and insurance groups can apply for adjustments to the standard Bermuda Solvency Capital Requiremen… |
| Guidance Notes for Applications for Adjustments under Section 6D of the Insurance Act 1978 (31 March 2024) | Status not confirmed | This BMA Guidance Note explains the revised framework under section 6D of the Insurance Act 1978, which allows commercial insurers and insurance groups to… |
| Guidance Notes for Commercial Insurers and Insurance Groups' Statutory Reporting Regime (2023-09-08) | Status not confirmed | This is BMA guidance explaining the statutory and prudential reporting regime applicable to commercial insurers and insurance groups, covering both the St… |
| Guidance Notes for Commercial Insurers and Insurance Groups' Statutory Reporting Regime (30 November 2016) | Status not confirmed | This is BMA guidance explaining the statutory and prudential reporting regime introduced in 2015 for commercial insurers and insurance groups, covering ho… |
| Guidance Notes for Commercial Insurers and Insurance Groups' Statutory Reporting Regime (31 March 2024) | Status not confirmed | This is BMA guidance (31 March 2024) explaining the statutory reporting regime for Bermuda's commercial insurers and insurance groups, covering both the S… |
| Guidance Notes for Incorporated Segregated Accounts Company Structures (Insurance and Hybrid Structures) (December 2020) | Status not confirmed | This BMA guidance note explains how the Incorporated Segregated Accounts Companies Act 2019 (ISAC Act) applies to insurance and hybrid ISAC structures. It… |
| Guidance Notes for Reclassification in accordance with the Insurance Amendment Act 2008 | Status not confirmed | This is BMA guidance explaining how existing Class 3 (re)insurers should determine whether to reclassify as Class 3A, Class 3B, remain Class 3, or qualify… |
| Guidance Notes for Reclassification of Long-Term Insurers in Accordance with the Insurance Amendment (No. 3) Act 2010 | Status not confirmed | These guidance notes explain how existing Long-Term insurers in Bermuda must apply to be reclassified into one of five new licence classes (Class A throug… |
| Guidance Notes on the Maintenance of Capital, Net Assets and Liquidity (July 2022) | Status not confirmed | This is BMA guidance interpreting the Investment Business (Prudential Standards) (Standard Licences, Test Licences, and Class A Registered Persons) (Capit… |
| Guidance for Entities Seeking Exemption from Dual Licensing Due to Ancillary Nature of Activities | Status not confirmed | This BMA guidance, issued July 2022, explains when a digital asset business licensee that also carries on investment business in a limited, ancillary mann… |
| Guidance for Prospective Applicants for Licensing and Registration (Investment Business) | Status not confirmed | This is Bermuda Monetary Authority guidance explaining the licensing and registration framework for investment business under the Investment Business Act… |
| Guidance for Prospective Applicants for Licensing and Registration (Investment Business) - July 2022 | Status not confirmed | This BMA guidance note explains how the Investment Business Act 2003 (IBA) regulates persons and entities carrying on investment business in or from Bermu… |
| Guidance on Completion of the Prudential Information Return for Banks (December 2008) | Status not confirmed | This is technical guidance from the BMA's Banking Department explaining how licensed banks and deposit companies should complete the Prudential Informatio… |
| Guidance on Completion of the Prudential Information Return for Banks (Issued December 2008) | Status not confirmed | This is BMA guidance (issued December 2008) explaining how banks and deposit companies licensed in Bermuda should complete the Prudential Information Retu… |
| Guidelines on the Enhancement of Stress Testing in the CARP for Bermuda's Banking Sector (April 2014) | Status not confirmed | This is Bermuda Monetary Authority guidance from April 2014 that enhances the stress testing component of the Capital Assessment and Risk Profile (CARP) f… |
| Information Bulletin - DAB Application Process (February 2024) | Status not confirmed | This Information Bulletin from the Bermuda Monetary Authority (BMA) explains the licence application process and documentation requirements for prospectiv… |
| Information Bulletin - Special Purpose Insurers (2009-10-05) | In force | This is a 2009 BMA Information Bulletin explaining the newly created Special Purpose Insurer (SPI) licence class introduced by the Insurance Amendment Act… |
| Information Bulletin - Waivers and Modifications to Sections 15A and 17A of the Insurance Act 1978, and the Insurance (Public Disclosure) Rules 2015 (December 2016) | In force | This is a Bermuda Monetary Authority guidance bulletin explaining how it will exercise its discretion under Sections 56 and 6C of the Insurance Act 1978 t… |
| Information Bulletin Digital Asset Business Application Process | Status not confirmed | This BMA Information Bulletin explains the practical process for submitting a Digital Asset Business (DAB) licence application under the Digital Asset Bus… |
| Instructions on Asset and Scenario Based Approach-related Approvals (2024-10-10) | In force | This is a Bermuda Monetary Authority guidance bulletin explaining the process, information requirements and fees for obtaining approval to use certain ass… |
| Insurance Department Guidance Note #5: Fit and Proper Criteria and Approval Process for the Approved Auditor (March 2005) | Status not confirmed | This Bermuda Monetary Authority Insurance Department guidance note explains the fit and proper criteria and approval process that apply to the Approved Au… |
| Insurance Department Guidance Note #9: Fit and Proper Criteria and Approval Process for Approved Actuary (March 2005) | Status not confirmed | This is Bermuda Monetary Authority Insurance Department Guidance Note #9, setting out the fit and proper criteria and approval process for an insurer's Ap… |
| Insurance Guidance Note #14: Insurance Activity (March 2005) | Status not confirmed | This is Bermuda Monetary Authority Guidance Note #14 (March 2005), setting out the Authority's expectations for how registered insurers should manage thei… |
| Insurance Guidance Note #15 - Investments (March 2005) | Status not confirmed | This is Guidance Note #15 issued by the Bermuda Monetary Authority's Insurance Department, setting out expectations for how registered insurers should man… |
| Insurance Guidance Note #1: Role of the Principal Representative (March 2005) | Status not confirmed | This is a Bermuda Monetary Authority Guidance Note explaining the legal role, appointment and duties of the Principal Representative that every registered… |
| Insurance Guidance Note #2: Appointment, Role and Qualifications of the Inspector (March 2005) | Status not confirmed | This is a Bermuda Monetary Authority Insurance Department guidance note explaining the appointment, role, powers and qualifications of a Section 30 Inspec… |
| Insurance Guidance Note #3: Fit and Proper Criteria and Approval Process for Loss Reserve Specialists (March 2005) | Status not confirmed | This Bermuda Monetary Authority guidance note sets out the eligibility criteria and approval process for Loss Reserve Specialists, the individuals who opi… |
| Insurance Guidance Note #6: Role of the Approved Auditor (March 2005) | Status not confirmed | This is Bermuda Monetary Authority Insurance Guidance Note #6 (March 2005), explaining the Authority's expectations regarding the role, appointment, condu… |
| Investment Business - Framework at a Glance (Effective 27 July 2022) | In force | This document is a BMA guidance summary (a table format) setting out the revised investment business regulatory framework that took effect 27 July 2022. I… |
| Investment Business Guidance for Prospective Applicants for Licensing and Registration (July 2022) | Status not confirmed | This is Bermuda Monetary Authority (BMA) guidance, dated July 2022, explaining the licensing and registration framework for investment business under the… |
| Investment Fund Guidelines (Updated December 2023) | Status not confirmed | This is the BMA's consolidated guidance under the Investment Funds Act 2006 explaining how the Authority vets and authorises investment funds, and setting… |
| Liquidity Return Guidance Notes | Status not confirmed | These are the Bermuda Monetary Authority's guidance notes explaining how to complete the Liquidity Return, a quarterly prudential report used to monitor w… |
| Notice - Guidance Note Group Actuary's Opinion (2013-11-08) | Superseded | This is a Bermuda Monetary Authority notice and accompanying Guidance Note (November 2013) explaining the Authority's revised expectations for the Group A… |
| Notice - Guidance Notes - Role of the Approved Auditor (2013-09-25) | In force | This is a Bermuda Monetary Authority Guidance Note explaining the role, appointment, approval and reporting duties of the approved auditor for Bermuda reg… |
| Operational Resilience and Outsourcing - Guidance Notes | Status not confirmed | This Guidance Note explains how the Bermuda Monetary Authority expects Relevant Entities to implement its Operational Resilience and Outsourcing Code. It… |
| Operational Resilience and Outsourcing Guidance Notes (September 2025, Tracked Changes) | Status not confirmed | This is a Bermuda Monetary Authority guidance note, issued in a tracked-changes format, that accompanies and explains the Operational Resilience and Outso… |
| Outsourcing for Banks, Deposit Companies, the Bermuda Stock Exchange, Corporate Service Providers, Trust Companies, Money Service Businesses, Investment Businesses, Fund Administrators and the Credit Union (28 June 2019) | Status not confirmed | This BMA guidance note sets out expectations for how licensed entities must manage outsourcing arrangements, covering both existing arrangements at the ti… |
| Product Due Diligence - Guidance Note (DABA 2018) | Status not confirmed | This is a Bermuda Monetary Authority guidance note explaining how digital asset business (DAB) licensees under the Digital Asset Business Act 2018 (DABA)… |
| Product Due Diligence Guidance Note (DABA 2018) - March 2021 | Status not confirmed | This guidance note from the BMA's FinTech Department explains how digital asset businesses (DABs) licensed under the Digital Asset Business Act 2018 (DABA… |
| Recovery Planning: Expectations and Guidelines (2024-11-22) | In force | This is a guidance letter from the Bermuda Monetary Authority (BMA) explaining its expectations for recovery planning under the Insurance (Prudential Stan… |
| Revised Framework for Regulatory Capital Assessment (Banks and Deposit Companies Act 1999) — December 2008 | In force | This is the Bermuda Monetary Authority's handbook implementing the Basel II capital adequacy framework for Bermuda banks under the Banks and Deposit Compa… |
| The Bermuda Monetary Authority's Relationship with Auditors and Reporting Accountants of Banks and Deposit Companies (December 2012) | In force | This is Bermuda Monetary Authority guidance from December 2012 setting out the framework for the Authority's relationship with the auditors and reporting… |
| The Management and Control of Credit Risks and the Implementation of the Statutory Provisions for Large Exposures (May 2007) | Status not confirmed | This is BMA guidance for banks and deposit companies licensed under the Banks and Deposit Companies Act 1999, setting out supervisory expectations for cre… |
| The Management of Operational Risk (May 2007) | In force | This is Bermuda Monetary Authority guidance, issued under the Banks and Deposit Companies Act 1999, setting out the Authority's expectations for how licen… |
| The Measurement and Monitoring of Liquidity (December 2010) | Status not confirmed | This is Bermuda Monetary Authority guidance, dated December 2010, explaining how the Authority measures and monitors liquidity for institutions licensed u… |
| The Monitoring and Control of Interest Rate Risk (May 2007) | Status not confirmed | This is Bermuda Monetary Authority guidance setting out the standards expected of licensed banks and deposit companies for measuring, monitoring and contr… |
| Trusts (Regulation of Trust Business) Act 2001 - Information for Prospective Applicants (April 2020) | Status not confirmed | This is Bermuda Monetary Authority guidance explaining the licensing and ongoing supervisory framework for trust business under the Trusts (Regulation of… |