The Securities and Exchange Commission of Pakistan, to facilitate the insurance sector in complying with the applicable regulatory requirements, has issued Master Circular, consolidating all existing applicable circulars, directives and guidelines issued up to Dec 31, 2021.
The Master Circular has been categorized into twelve key chapters i.e. Licensing and Authorization, Product Approvals and Disclosure, Reinsurance and Retakaful, Corporate Governance, Financial and Regulatory Reporting, Management Expense Limits, Related Party Assets, Information sharing, Training and Certifications, Complaints Handling, Cyber-security and Miscellaneous.
