13-1

An Insurance Broker must maintain appropriate records, prepare financial statements inaccordance with the International Financial Reporting Standards (IFRS) and Central Bank Regulations.

13-2

An Insurance Broker must submit within ninety (90) days of the end of the financial year:

a.

a detailed report signed by the Insurance Broker’s Representatives, which must include all the Insurance Brokerage activities undertaken by the Insurance Broker throughout the year; and

b.

final annual financial reports, which must be audited and accompanied by the external auditor’s report.