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Insurance Intermediaries (General Business) (Amendment) Regulations 2012 21 December 2012

Following the consultation held between August and October this year, the Authority has released the completed Insurance Intermediaries (General Business) (Amendment) Regulations 2012. These regulations come into effect on 1 March 2013.

The Regulations, which may be accessed from the Authority's website here, introduce a new exemption for certain licenceholders of the Financial Supervision Commission to be exempt from the requirement to register as an insurance intermediary with the Authority.

They also introduce new submission timeframes for audited accounts and update the Authority’s requirements for professional indemnity insurance.

Further information with regard to the consultation, can be found on the consultation section of the Authority's website.

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