Insurance Act |
Insurance (General Provisions and Exemptions for Special Purpose Reinsurance Vehicles) (Amendment) Regulations 2013 |
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Citation and commencement |
1. These Regulations may be cited as the Insurance (General Provisions and Exemptions for Special Purpose Reinsurance Vehicles) (Amendment) Regulations 2013 and shall come into operation on 18th April 2013. |
Amendment of regulation 2 |
2. Regulation 2 of the Insurance (General Provisions and Exemptions for Special Purpose Reinsurance Vehicles) Regulations 2008 (G.N. No. S 617/2008) (referred to in these Regulations as the principal Regulations) is amended by deleting the word “registered” in the definition of “ “Special Purpose Reinsurance Vehicle” or “SPRV” ” and substituting the word “licensed”. |
Amendment of heading to Part III |
3. Part III of the principal Regulations is amended by deleting the word “REGISTRATION” in the Part heading and substituting the word “LICENSING”. |
Amendment of regulation 6 |
4. Regulation 6 of the principal Regulations is amended —
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Amendment of regulation 11 |
5. Regulation 11 of the principal Regulations is amended by deleting the words “section 36(1)” and substituting the words “section 36(3)”. |
Amendment of regulation 12 |
6. Regulation 12 of the principal Regulations is amended by deleting the word “registered” in paragraphs (1) and (2) and substituting in each case the word “licensed”. |
Amendment of regulation 13 |
7. Regulation 13 of the principal Regulations is amended —
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Amendment of regulation 16 |
8. Regulation 16(2) of the principal Regulations is amended by deleting the words “principal officer” wherever they appear and substituting in each case the words “chief executive”. |
Amendment of regulation 20 |
9. Regulation 20 of the principal Regulations is amended —
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Deletion and substitution of Schedule |
10. The Schedule to the principal Regulations is deleted and the following Schedule substituted therefor:
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Managing Director, Monetary Authority of Singapore. |
[ID 05.1 Vol. 34; AG/LLRD/SL/142/2010/14 Vol. 1] |