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ARTICLE · 18 JULY 2018

Publication Of The Insurance Distribution Act And Insurance Distribution Rules

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The IDRs are consolidated in a single rulebook, divided into two parts consisting of fifteen Chapters.

MaltaInsurance
Dr. Petra Attard
Dr. Petra Attard
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i. The Insurance Distribution Act

On 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 Rules

On 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 are consolidated in a single rulebook, divided into two parts consisting of fifteen Chapters.

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