New investment regulations for Thai insurers become effective
By Jonathan Goacher and Peter Shelford
On 25 October 2013, new regulations became effective that govern how life and non-life insurers in Thailand may conduct investment and engage in other business. While the regulations are lengthy and detailed, DLA Piper has highlighted certain key points below.
An investment committee must be appointed by the insurer. It must comprise of at least three persons, who shall be (a) directors/executives and (b) ‘knowledgeable and skilled persons’ who have at least three years’ experience in investment management, risk management or securities analysis.
The committee has a supervisory role. Among other things, it must develop an investment policy framework and consider and approve investment plans; supervise and manage investment; oversee transparency and accountability of investments; and report investment results to the insurer’s board of directors…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
In the midst of the gale-force winds of commentary whipped up by the Google case, we should pause and ask ourselves: just how ground-breaking is this decision?
The shocking news of recent airline disasters brings into sharp focus for employers the sometimes unforeseeable risks facing employees who frequently travel for work.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions