5. Regulation 15 of the principal Regulations is amended —
(a)
by deleting paragraphs (1), (2) and (3) and substituting the following paragraphs:
“(1) Any document to be lodged by a captive insurer under paragraph (3) or regulation 10(4), 12 (other than paragraph (1)(b)(i) thereof) or 16 shall be lodged by sending to the Authority —
(a)
in the case of an actuary’s report lodged under regulation 12(1)(c), the original of the document; or
(b)
in any other case, the original and 2 copies of the document.
(2) The original document lodged under —
(a)
regulation 10(4) shall bear the signatures of —
(i)
2 directors of the insurer; and
(ii)
the principal officer of the insurer or an officer signing on behalf of the principal officer; and
(b)
regulation 12(1)(a) or (b)(ii) or (2) shall bear the signature of the actuary.
(3) A captive insurer shall, for any document lodged under regulation 10 (other than paragraph (4) thereof) or 12(1)(b)(i), lodge a certificate in Form 24 signed by —
(a)
2 directors of the insurer; and
(b)
the principal officer of the insurer or an officer signing on behalf of the principal officer.”; and
(b)
by inserting, immediately after paragraph (4), the following paragraph:
“(5) This regulation shall not apply to any document in the form of an electronic record required to be lodged under regulation 17.”.