| 16-May-12 | PUBLIC NOTICE
Sri Lanka Insurance Corporation is a general insurer that has a temporary permit issued by MMA to write general insurance business. SLIC is required under the Insurance Regulations to acquire a permanent licence in accordance with the requirements of the said regulation and enactments thereunder.
On 4 March 2010 all insurance firms in the Maldives were given a period of 6 months to meet the regulatory requirements under the above regulations and enactments thereunder.
Regrettably, SLIC has not obtained permanent licence despite many reminders by MMA. Having grounds to conclude that the firm is non-responsive to MMA’s requirements as the regulator, MMA has, with effect from 12 April 2012, instructed SLIC to cease writing new business, and to also cease renewing its existing policies.
However, SLIC is allowed to continue to service the existing policies as on 11 April 2012.
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| 16-May-12 | Call for Nominations - The Royal Award for Islamic Finance 2012
IL-MMA/2012/35
Nomination form
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| 6-May-12 | Monthly Economic Review Vol.6;No.4 April 2012.
The Monthly Economic Review provides a brief overview of the developments in key sectors of the domestic economy during the month of March 2012. The layout and format of the Monthly Economic Review has been revised with the inclusion of more information to provide greater scope for in-depth analysis and broaden the coverage of data.
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