Canada signs insurance deal with China
Wednesday 10 November 2010 - by Andrew Hickley
The Canada Securities Administrators has today announced that eight of their members have signed a regulatory cooperation agreement with the China Insurance Regulatory Commission, in a move that paves the way for Chinese insurers to invest in CSA-regulated Canadian markets.
The deal represents a similar arrangement to one signed between the Chinese Banking Regulatory Commission and the CSA in April. Subject to ministerial approval it is scheduled to take effect in Ontario from December 29 2010, with seven of the eight jurisdictions currently having the deal in place.
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