OSFI wants P&C 'resolution authority.' What PACICC needs for the job
How PACICC is beefing up its powers to answer a call by OSFI for a P&C industry "resolution authority" to wind up company bankruptcies.
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How PACICC is beefing up its powers to answer a call by OSFI for a P&C industry "resolution authority" to wind up company bankruptcies.
It rather said in a statement that “The delay is principally due to the legal action by Blackshield/Gold Coast contesting the liquidation petition brought by the Official Liquidator (Office of the Registrar of Companies) at the request of SEC following the revocation of licences. The SEC will continue to support the Official Liquidator in pursuing the liquidation petition in court.”
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