Regulations, 2006

Suppliment tal-Gazzetta tal-Gvern ta’ Malta, Nru. 17,982, 13 ta’ Ottubru, 2006

L.N. 240 of 2006

INSURANCE BUSINESS ACT

(CAP. 403)

Insurance Business (Companies Accounts) (Amendment)

Regulations, 2006

IN exercise of the powers conferred by articles 20 and 64 of the

Insurance Business Act, the Prime Minister and Minister of Finance,

after consultation with the Malta Financial Services Authority, has made

the following regulations>–

The title of these regulations is the Insurance Business Citation.

(Companies Accounts) (Amendment) Regulations, 2006, and shall be

read and construed as one with the Insurance Business (Companies

Accounts) Regulations, 2000, hereinafter referred to as “the principal L.N. 103 of 2000.

regulations”.

Regulation 4 of the principal regulations shall be amended as Amends

regulation 4 of

the principal

regulations.

(a) for the words “of the First Schedule.” there shall be

substituted the words “of the First Schedule>”<

(b) immediately after regulation 4 thereof, there shall be

added the following proviso>

“Provided that, in the event that a provision of these

regulations is in conflict or is not compatible with International

Financial Reporting Standards, as may be issued from time

to time by the International Accounting Standards Board, or

any other body succeeding it by whatever name it may be

known, the accounts shall be drawn up so as to give a true

and fair view in terms of the requirements established under

sub-article (3) of article 167 of the Companies Act.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press