Singapore legislation
Clause 38
Clause 38
Amendment of section 43C
Section 43C of the principal Act is amended —
(a)
by deleting the word “and” at the end of subsection (1)(b);
(b)
by deleting the full-stop at the end of paragraph (c) of subsection (1) and substituting a semi-colon, and by inserting immediately thereafter the following paragraphs:“(d)the period of each approval, and the conditions subject to which a specified insurer may be or may continue to be approved; and
(e)
such supplementary matters as he may consider necessary or expedient.”; and
(c)
by inserting, immediately after subsection (1), the following subsection:“(1A) No approval shall be granted under —
(a)
subsection (1)(a) on or after 1st April 2015;
(b)
subsection (1)(b) on or after such date as may be prescribed.”.