Insurance - Linked Funds and the Financial Sector Policy Package

The Financial Sector Policy Package that was released in June 2006 provides for comprehensive renewal and reform of the financial sector regulatory framework. The Capital Market Supervisory Agency has been particularly active in issuing new or revised regulations for activities in the Capital Market (see ILB 1/9/2006).

The Head of the Capital Market Supervisory Agency and Financial Institutions (Bapepam-LK) has issued Decision No. Kep-104/BL/2006 Linked Unit Products which includes an Attachment, Insurance Companies Rule No. 2. This Decision and Rule were issued on 31 October 2006 and came into immediate force.