Documents to be lodged by persons exempt from registration under section 35ZN (1) (a) to (e ) of Act
3B.  Any person exempt from registration under section 35ZN (1)(a) to (e) of the Act (referred to in this regulation as an exempt insurance broker) and who is carrying on business as a direct general insurance broker or a reinsurance broker shall lodge with the Authority —
(a)a notice of commencement of business in Form 12G in the Fourth Schedule, not later than 14 days after the commencement of its business as a direct general insurance broker, a life reinsurance broker or a general reinsurance broker;
(b)a notice of change of particulars in Form 12H in the Fourth Schedule setting out any change in the particulars of the exempt insurance broker provided in the notice referred to in paragraph (a), not later than 14 days after the date of the change;
(c)a notice of intention to cease its business as a direct general insurance broker, a life reinsurance broker or a general reinsurance broker in Form 12I in the Fourth Schedule, at least 14 days before the proposed date of cessation of all of its business as an insurance broker;
(d)an audited statement of the insurance broking premium account in Form 12J in the Fourth Schedule in respect of its business as a direct general insurance broker, a life reinsurance broker or a general reinsurance broker, within 5 months from the end of each financial year or within such longer period as the Authority may allow; and
(e)a statement in Form 12K in the Fourth Schedule within 5 months from the end of each financial year or within such longer period as the Authority may allow, giving particulars as to the type and placement of all its business as an insurance broker handled during that financial year, and —
(i)in the case of an exempt insurance broker carrying on business as a direct general insurance broker, a statement in Annex 1 to Form 12K in the Fourth Schedule giving particulars on the 5 insurers with whom the largest volume of its business were placed; and
(ii)in the case of an exempt insurance broker carrying on business as a life reinsurance broker or a general reinsurance broker, a statement in Annex 2 to Form 12K in the Fourth Schedule giving further details on the sources and placement of its business.