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Asia Pacific
Insurance & Reinsurance
On 6th December 2019, the China Banking & Insurance Regulatory Commission ('CBIRC') published (i) 'Detailed Implementing Regulations Regarding Foreign-Invested Insurers' ('Implementing Regulations'); and (ii) 'Notice Regarding Timing for the Explicit Cancellation of Foreign Equity Limits Applicable to Joint Venture Life Insurance Companies' ('Notice'). The Implementing Regulations and the Notice took effect immediately.
Key elements contained in the Implementing Regulations and Notice are:
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