Law stated as at 01 May 2015 |
Key implementation dates and timeframes | Action required (or intermediate activity) |
From January 2015 onwards | Confidential reporting of the BCR to GWS with access by the IAIS for the purpose of reviewing and refining the BCR (to be provided in conjunction with the IAIS field testing process). |
March to September 2015 | Field testing of ComFrame including ICS. |
June 2015 |
|
July 2015 | Implementation of systemic risk management plans (SRMPs) to be assessed. |
July/August 2015 | IAIS to analyse the second quantitative field testing submissions. |
November 2015 | HLA to be finalised. |
December 2015 | Consultation on ComFrame (including ICS) revised after second quantitative field testing. |
End 2015 |
|
July 2016 | Implementation of SRMPs to be assessed. |
End 2016 | Development of ICS to be completed by IAIS. |
2017/2018 | Further testing of ICS, BCR and HLA. |
January 2019 | G-SIIs designated in November 2017 to apply the HLA requirements. |
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