Insurance Intermediaries (Transitional Provisions) Regulations,

Suppliment tal-Gazzetta tal-Gvern ta’ Malta, Nru. 18,009, 15 ta’ Diçembru, 2006

L.N. 319 of 2006

INSURANCE INTERMEDIARIES ACT

(CAP. 487)

Insurance Intermediaries (Transitional Provisions) Regulations,

IN exercise of the powers conferred by article 3 of the Insurance

Intermediaries 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 Intermediaries Citation.

(Transitional Provisions) Regulations, 2006.

A person, who on the date of coming into force of these Persons providing

services in relation

regulations was in possession of an investment services licence, issued to linked long term

in terms of article 6 of the Investment Services Act, to provide an contracts

insurance

investment service in relation to a contract of insurance falling within Cap. 370.

class III of the Second Schedule to the Insurance Business Act (Linked Cap. 430.

long term contracts of insurance), may continue to provide that service

on condition that>

(a) such person provides the competent authority with such

information as it may request, within such period as it may direct<

and

(b) on or before the 1st January 2007, the competent

authority has provisionally enrolled such person to carry on

insurance intermediaries activities in relation to these contracts of

insurance, until such time as the person is enrolled under the

Insurance Intermediaries Act.

The competent authority shall, from time to time, advise the Communication by

persons falling within the meaning of regulation 2 of the procedure and competent

authority.

conditions under which the said services may continue to be provided

until such time as the application for enrolment has been determined.

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