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Insurance & Reinsurance

Publication of the Insurance Distribution Act and Insurance Distribution Rules

i. The Insurance Distribution ActOn the 10th July 2018, Act No. XXVI of 2018 was published bringing about changes to the Insurance Intermediaries Act (to be renamed as the 'Insurance Distribution Act' and which transposes the Insurance Distribution Directive (the 'IDD'). Act No. XXVI of 2018 shall come into force once the Commencement Notice is published in the Government Gazette.ii. Insurance Distribution RulesOn the 12th July 2018, the MFSA announced the publication of Insurance Distribution Rules (the 'IDRs') issued under the Insurance Distribution Act (Cap. 487) the main objective of which is to transpose the remaining provisions of the IDD. The IDRs…
Petra Attard
17th July 2018
Insurance & Reinsurance

Publication of the Insurance Distribution Act and Insurance Distribution Rules

i. The Insurance Distribution ActOn the 10th July 2018, Act No. XXVI of 2018 was published bringing about changes to the Insurance Intermediaries Act (to be renamed as the 'Insurance Distribution Act' and which transposes the Insurance Distribution Directive (the 'IDD'). Act No. XXVI of 2018 shall come into force once the Commencement Notice is published in the Government Gazette.ii. Insurance Distribution RulesOn the 12th July 2018, the MFSA announced the publication of Insurance Distribution Rules (the 'IDRs') issued under the Insurance Distribution Act (Cap. 487) the main objective of which is to transpose the remaining provisions of the IDD. The IDRs…
Petra Attard
17th July 2018