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AMF revises Guideline on Capital Adequacy Requirements | Canadian Insurance
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AMF revises Guideline on Capital Adequacy Requirements

The public may submit comments until July 22, 2016

The Autorite des marches financiers has published a draft of its revised Guideline on Capital Adequacy Requirements for all P&C insures licensed to do business in Quebec, and is inviting the public to submit comments by July 22, 2016.

The major change is the inclusion of foreign P&C insurers in the guideline since, as of December 31, 2016, the AMF plans to revoke the Branch Adequacy of Assets Test for them. The AMF has also made minor clarifications and corrections to the guideline. The changes are expected to come into effect on January 1, 2017.

To submit a comment, contact:

Me Anne-Marie Beaudoin
Corporate Secretary
Autorite des marches financiers
800, square Victoria, 22nd Floor
C.P. 246, tour de la Bourse
Montreal (Québec) H4Z 1G3
Fax: (514) 864-6381
E-mail : consultation-en-cours@lautorite.qc.ca