Under the fitness and probity regime, (re)insurance companies and (re)insurance intermediaries must ask persons in controlled functions (both CFs and PCFs):

• To certify that they are aware of the fitness and probity standards
• To agree to continue to abide by those standards and
• To confirm if they are aware of any material developments in relation to their compliance with the standards

This must be done annually. 

Many (re)insurance companies and (re)insurance intermediaries do this exercise in the last quarter of the year.  If you are one of those companies, it may be worth reminding staff in controlled functions about this obligation.