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Bill No. 38
Various Financial Services Laws (Amendment) Bill Back to List

Thirteenth Legislature (2017 - 2022)

Objects and Reasons

The object of this Bill is to transpose the provisions of Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast), (the "Insurance Distribution Directive"), by amending the Insurance Intermediaries Act (Cap. 487), and also to provide for matters incidental and ancillary thereto. The consequential amendments to the Insurance Business Act (Cap. 403) are proposed so as to align the said Act with the terminology and amendments to the Insurance Intermediaries Act, as well as to ensure consistency in the legislation.

Motion No. 116 - Various Financial Services Laws (Amendment) Bill

Act No. XXVI of 2018 - Various Financial Services Laws (Amendment) Act


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