2023 Combined Open Protocol Template

The Standards Board for Alternative Investments (SBAI) has published updates to the Insurance Open Protocol (“IOP”).

The reporting of Stress Test Results in the Open Protocol (OP) Risk Reporting Template has been updated to allow for both gross and net reporting. This is to ensure that managers do not fall foul of the amended SEC Marketing Rule. The update is reflected in the OP Manual, there have been no changes to the OP reporting template (xls/xml).

Systemic risk concerns have been amplified lately by significant market events. The SBAI believes its Standards and Tools can help mitigate some of these concerns.