ADOPTION OF OWN RISK AND SOLVENCY ASSESSMENT FRAMEWORK

Covered Entities shall be required to submit their respective ORSA Policies to the Commission no later than 30 June 2023. Entities who meet the criteria for mandatory ORSA after FY 2023 shall be required to submit their respective ORSA Policies no later than 30 June of the year after meeting the criteria in Rule I(E).

For more information, kindly refer to Circular CL No. 2022-41.