CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 22 of 2023
2. Reporting level2. Reporting level
Start here
Get a plain-English read of 2. Reporting level
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 22 of 2023.
2. Reporting level
This section details the reporting levels for completion of each reporting form. Reporting is required in respect of:
Each statutory fund for a life insurer and each approved benefit fund for a friendly society;
The shareholder fund for a life insurer and the management fund for a friendly society; and
The licensed insurer (i.e. company as whole for both life insurers & friendly societies).
| Form | Notes |
|---|---|
| LRF 110.1 andLRF 110.2 | LRF 110.1 and LRF 110.2 must be completed by all life companies.LRF 110.1 must be completed for each statutory fund (approved benefit fund) and shareholders’ fund (management fund).LRF 110.2 must be completed at the licensed insurer level. |
| LRF 112.0;LRF 112.1; andLRF 112.2 | LRF 112.0, LRF 112.1 and LRF 112.2 must be completed by all life companies.LRF 112.0 must be completed for each statutory fund (approved benefit fund). LRF 112.1 must be completed for the shareholders’ fund (management fund). LRF 112.2 must be completed at the licensed insurer level. |
| LRF 112.3 | LRF 112.3 must be completed by all life companies.The form must be completed for each statutory (approved benefit fund) and the shareholders’ fund (management fund). |
| LRF 114.0 | LRF 114.0 must be completed by all life companies.The form must be completed for each statutory fund (approved benefit fund) and the shareholders’ fund (management fund). |
| LRF 114.2 | LRF 114.2 must be completed by all life companies.The form must be completed for each statutory fund (approved benefit fund) that does not write investment linked business. Funds writing only investment linked business do not need to complete this form. |
| LRF 114.3 | LRF 114.3 must be completed by all life companies.The form must be completed for each statutory fund (approved benefit fund) that does not write investment linked business. Funds writing only investment linked business do not need to complete this form. |
| LRF 115.0; andLRF 115.1 | LRF 115.0 must be completed by all life companies. LRF 115.1 needs to be completed by friendly societies only.LRF 115.0 must be completed separately for each statutory fund. Approved benefit funds that do not write investment linked business also need to complete LRF 115.0. Note that it is not mandatory to complete LRF 115.0 on a quarterly basis. Refer to the specific reporting instruction for details.LRF 115.1 must be completed for the management fund of the friendly societies. |