ICP 20 is on Public disclosure and requires the supervisor to set requirements for insurers to disclose relevant, comprehensive and adequate information. It needs to be timely and give policyholders and market participants a clear view of their business activities, performance and financial position.
The Reserve Bank’s approach to registered bank disclosure Public disclosure has been a cornerstone of the Reserve Bank’s approach to prudential regulation and supervision, particularly since 1996 when the disclosure regime for registered banks was introduced. The Reserve Bank has periodically reviewed the disclosure regime and made changes that underscore the Reserve Bank’s commitment to effective disclosure.