Insurance Act |
Insurance (Lloyd’s Asia Scheme) (Amendment) Regulations 2010 |
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Citation and commencement |
1. These Regulations may be cited as the Insurance (Lloyd’s Asia Scheme) (Amendment) Regulations 2010 and shall come into operation on 4th November 2010. |
Amendment of regulation 2 |
2. Regulation 2 of the Insurance (Lloyd’s Asia Scheme) Regulations (Rg 9) (referred to in these Regulations as the principal Regulations) is amended by inserting, immediately after the definition of “final judgment”, the following definition:
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Deletion and substitution of regulation 5 |
3. Regulation 5 of the principal Regulations is deleted and the following regulation substituted therefor:
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Deletion and substitution of regulation 6A and new regulation 6B |
Amendment of regulation 7 |
5. Regulation 7(4) of the principal Regulations is amended by deleting the words “and functions in Singapore” and substituting the words “, functions and operations in Singapore or elsewhere”. |
Amendment of regulation 11 |
6. Regulation 11 of the principal Regulations is amended by deleting paragraph (6) and substituting the following paragraphs:
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Amendment of regulation 13 |
7. Regulation 13 of the principal Regulations is amended —
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Amendment of regulation 13B |
8. Regulation 13B of the principal Regulations is amended by deleting paragraph (2) and substituting the following paragraph:
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Amendment of regulation 13M |
9. Regulation 13M of the principal Regulations is amended —
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Amendment of regulation 15 |
10. Regulation 15(2) of the principal Regulations is amended by deleting the words “and functions in Singapore” and substituting the words “, functions and operations in Singapore or elsewhere”. |
Amendment of regulation 16 |
11. Regulation 16 of the principal Regulations is amended —
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Deletion of regulation 17 |
12. Regulation 17 of the principal Regulations is deleted. |
Amendment of regulation 18 |
13. Regulation 18 of the principal Regulations is amended by inserting, immediately after paragraph (3), the following paragraphs:
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Amendment of regulation 20 |
14. Regulation 20(1) of the principal Regulations is amended —
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Amendment of regulation 21 |
15. Regulation 21 of the principal Regulations is amended —
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Amendment of regulation 25 |
16. Regulation 25(1) of the principal Regulations is amended by deleting sub-paragraph (a) and substituting the following sub-paragraph:
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Amendment of regulation 26 |
17. Regulation 26 of the principal Regulations is amended —
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New regulation 27 |
18. The principal Regulations are amended by inserting, immediately after regulation 26, the following regulation:
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Amendment of First Schedule |
19. The First Schedule to the principal Regulations is amended —
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Amendment of Second Schedule |
20. Paragraph 1 of the Second Schedule to the principal Regulations is amended —
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Amendment of Fourth Schedule |
21. The Fourth Schedule to the principal Regulations is amended —
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Deletion and substitution of Fifth Schedule |
22. The Fifth Schedule to the principal Regulations is deleted and the following Schedule substituted therefor:
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Made this 3rd day of November 2010.
Managing Director, Monetary Authority of Singapore. |
[ID 05.1 Vol. 32; AG/LLRD/SL/142/2002/4 Vol. 2] |
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