Legal & Regulatory committee

The Regulatory Sub-Committee was established in response to the development of an increasingly regulated international market. It aims to:

• Monitor proposed legislation and regulatory measures and through the Management Committee and Members' Meetings seek to influence policy makers in relevant jurisdictions.
• Encourage integrity and professionalism among members and within the industry.
• Provide a forum for raising regulatory and compliance issues of common interest, and encouraging the development and sharing of knowledge.

The Committee has established valuable contacts with national regulatory bodies and monitors the international issues surrounding the prevention of money laundering. It developed a Statement of Best Practice, which is incorporated in the Constitution and forms the cornerstone of the Association's commitment to standards of good practice.

The Committee will monitor the progress and implications of forthcoming legislation in Europe, South Africa and the UK, while members continue to benefit from the invaluable opportunity to establish informal contacts within the industry. It also provides an invaluable forum to meet and share views, informally on any matters arising out of regulation or legislation.

Chairman Mr. Stefan Ziegenhagen ASPECTA Assurance International Luxembourg S.A. Tel: +352 264 98 239

Deputy Chairman Mr. Andy Tugwell AXA Isle of Man Tel: +44 (0) 1624 643 365