Notice - Updated Officer and Director Personal Declaration Form (2026-01-16)

Summary

This notice from the Bermuda Monetary Authority announces a further update to the Personal Declaration (PD) Form used for proposed director and officer appointments under the Insurance Act 1978 and the Investment Funds Act 2006. It follows an earlier notice of 26 November 2025 introducing the previous version of the form.

• What changed: The PD Form has been enhanced to include a request for the individual's SURNAME, in addition to prior fields.
• Where to find it: The updated PD Form, on BMA letterhead, is available via the BMA's Insurance and Investment Funds webpages.
• Effective date: The revised PD Form takes effect immediately.
• Cut off for old forms: From 1 February 2026, the BMA will not accept previous versions of the PD Form or any variation of it.

Entities and individuals proposing new director or officer appointments regulated under the Insurance Act 1978 or the Investment Funds Act 2006 must use the updated form going forward to avoid rejection of submissions after the cut off date.

Key obligations

• Use the updated Personal Declaration Form, including the new SURNAME field, for all proposed director and officer appointments made under the Insurance Act 1978 or the Investment Funds Act 2006
• Discontinue use of previous versions or variations of the PD Form, as the BMA will not accept them after 1 February 2026

Applies to

insurers, investment funds, proposed directors and officers of insurers and investment funds

Deadlines

• immediately: The revised PD Form takes effect immediately
• 1 February 2026: BMA will not accept previous versions of the PD Form or any variation of it after this date