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.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from DLA Piper

View more briefings from DLA Piper

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

3 Noble Street
London
EC2V 7EE
UK
http://www.dlapiper.com

Turnover (£m): 1,566.29
No. of lawyers: 3,961 (UK 200)
Jurisdiction: global
No. of offices: more than 75
No. of qualified lawyers: 625 (International 50)

Jobs