Regulations, 2012

Suppliment tal-Gazzetta tal-Gvern ta’ Malta, Nru. 18,974, 12 ta’ Ottubru, 2012

L.N. 343 of 2012

INSURANCE BUSINESS ACT

(CAP. 403)

Insurance Business (Assets and Liabilities) (Amendment)

Regulations, 2012

IN exercise of the powers conferred by articles 11, 14, 16, 17,

18, 63 and 64 of the Insurance Business Act, the Minister of Finance,

the Economy and Investment, after consultation with the Malta

Financial Services Authority, has made the following regulations:-

(1) The title of these regulations is the Insurance Citation and

Business (Assets and Liabilities) (Amendment) Regulations, 2012, commencement.

and these regulations shall be read and construed as one with the

Insurance Business (Assets and Liabilities) Regulations, hereinafter S.L. 403.16

referred to as "the principal regulations".

(2) These regulations shall come into force on the 31st

December, 2012.

In paragraph 7 of the Second Schedule to the principal Amends the

regulations, for the words "57.5 million euro", wherever they appear, Second

Schedule to the

there shall be substituted the words "61.3 million euro".

principal

regulations.

In paragraph 6 of the Third Schedule to the principal Amends the

regulations, for the words "40.3 million euro", wherever they appear, Third

to the principal

there shall be substituted the words "42.9 million euro".

regulations.

The Fourth Schedule to the principal regulations shall be Amends the

Fourth Schedule

amended as follows

to the principal

regulations.

(a)

in paragraph 1 thereof

(i) in sub-paragraph (b) thereof, for the words

"3,200,000 Euro", there shall be substituted the words

"3,400,000 Euro";

(ii) in sub-paragraph (c) thereof, for the words

"1,100,000 Euro", there shall be substituted the words

"1,200,000 Euro";

(iii) in sub-paragraph (d) thereof, for the words

"3,500,000 Euro", there shall be substituted the words

"3,700,000 Euro";

(b) in paragraph 2 thereof, for the words "2,300,000

Euro", there shall be substituted the words "2,500,000 Euro";

(c)

in paragraph 3 thereof, for the words "3,500,000

Euro", there shall be substituted the words "3,700,000 Euro";

(d) in paragraph 4 thereof, for the words "3,200,000

Euro", there shall be substituted the words "3,400,000 Euro";

(e)

in paragraph 5 thereof, for the words of "1,100,000

Euro", there shall be substituted the words "1,200,000 Euro";

and

(f)

in paragraph 6 thereof, for the words of "3,200,000

Euro", there shall be substituted the words "3,400,000 Euro".

€0.09