Act 2000 status not recorded
Insurance Ordinance, 2000
Plain-English summary
The law under which SECP registers and supervises insurers; its licensing page cites registration under section 6. The same page names the Securities and Exchange Commission (Insurance) Rules 2002, the Insurance Companies (Sound and Prudent Management) Regulations 2012 and the Takaful Rules as applicable instruments.
Who it applies to
Insurance
Topics
Prudential & Capital Insurance & Pensions
Latest news
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RBI extends supervisory directions for Industrial Co-operative Bank Ltd.
3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
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RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
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RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…