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Section 14(1) of the Insurance Act, 2017 provides that the appointment of certain key persons “must be approved by the Prudential Authority and takes effect only if the Prudential Authority approves the appointment”.

When evaluating a new IT vendor or technology solution, a proof of concept ("POC") is a natural first step. Because a POC is typically short in duration and provided at nil cost, many organisations assume that a simple non-disclosure agreement ("NDA") is sufficient to get started.

The growing interest in stablecoins is not difficult to understand. Most market participants are not looking for volatility. They are looking for the efficiency of digital assets without the instability that has come to define much of the crypto market.