Regulatory Update - BMA
- Actomate
- Jun 30
- 1 min read
The BMA released key consultation papers on public disclosures, operational resilience, and DeFi supervision. New guidance covers enhanced due diligence and updated prudential reporting for banks. Multiple reporting forms and templates were updated for various insurance classes. Two legislative changes were enacted: Insurance Account Amendment Rules and Digital Asset Custody Rules. Internationally, the BMA engaged with IAIS, FATF, and other global regulators through meetings and conferences.
Source: Bermuda Monetary Authority
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