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  • NAIC Qualified Jurisdiction (E) Working Group - Notice of Summary of Findings and Determinations

    US Regulatory | 11.12.2014

    From: Lopez, Amy
    Sent: Wednesday, November 12, 2014 9:41 AM
    To: Schelp, Daniel
    Subject: NAIC Qualified Jurisdiction (E) Working Group – Notice of Summary of Findings and Determinations

    Sent on behalf of Deputy Commissioner John F. Finston (CA), Chair––NAIC Qualified Jurisdiction (E) Working Group

    To:  NAIC Qualified Jurisdiction (E) Working Group Members, Interested Regulators and Interested Parties

    Cc:  NAIC Reinsurance (E) Task Force Members, Commissioner Representatives, Interested Regulators and Interested Parties

    This is notice that the NAIC Qualified Jurisdiction (E) Working Group is recommending for approval as Qualified Jurisdictions the following reinsurance supervisory authorities under the Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions: the Bermuda Monetary Authority (BMA); the German Federal Financial Supervisory Authority (BaFin); the French Autorité de Contrôle Prudentiel et de Résolution (ACPR); the Central Bank of Ireland (Central Bank); and the United Kingdom’s Prudential Regulation Authority of the Bank of England (PRA).

    Attached are the Summary of Findings and Determination with respect to each jurisdiction. Interested parties may submit comments regarding the NAIC’s consideration of these jurisdictions by the close of business Wednesday, Nov. 26, 2014.  Comments should be submitted to Daniel Schelp. These comments will be considered by the NAIC Reinsurance (E) Task Force, Executive (EX) Committee and NAIC Plenary in their consideration of these jurisdictions as Qualified Jurisdictions. The Qualified Jurisdiction Working Group also is currently evaluating the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Services Agency of Japan (FSA), and expects to complete these reviews before the end of the year for consideration by the NAIC.