In a webinar held on the 18th January 2023, the
Malta Financial Services Authority launched its consultation
process to amend the Insurance Distribution Rules. The amendments
have mainly been prompted following feedback from the insurance
industry, with the aim of aligning the Insurance Distribution Rule
with amendments at European Union level as well as market practice.
The chapters proposed to be amended are the following:
Chapter 1 – The Application Process of Insurance Agents,
Insurance Managers and Insurance Brokers
Chapter 2 – The Application Process of Tied Insurance and
Ancillary Insurance Intermediaries
Chapter 4 – Own Funds of Persons Enrolled in the Agents
List or Brokers List carrying out Insurance Distribution Activities
and Reinsurance Distribution Activities
