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
The US Supreme Court has invalidated federal aggregate limits on individual political contributions in the case McCutcheon et al v Federal Election Commission.
Law à la Mode — April 2014: fashion flair transforms wearable technologies; delivering IT services in the retail sector; and more
DLA Piper has released the April 2014 issue of its Law à la Mode publication.
Analysis from The Lawyer
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions
The fragile refinance market is back in rude health and US-style alternative lenders are stepping up with innovative structures to sustain the recovery