Singapore legislation
Regulation 11
of Financial Advisers (Transitional and Savings Provisions) Regulations
Regulation 11
Saving of directions, notices, etc., under FTA, IIA and SIA
Subregulation 1
All directions, notices and circulars in relation to direct life insurance brokers issued under section 32 or 41(2) of the IIA which are in force immediately before 1st October 2002 shall be deemed to have been issued under section 58 of the Act and shall have effect accordingly.
Subregulation 2
All directions, notices and circulars in relation to insurance intermediaries (other than direct life insurance brokers) issued under section 32 or 41(2) of the IIA which are in force immediately before 1st October 2002 shall be deemed to have been issued under section 41 or 64, respectively, of the Insurance Act and shall have effect accordingly.
Subregulation 3
All notices issued under section 21A of the FTA and section 33A of the SIA which are in force immediately before 1st October 2002 shall be deemed to have been issued under section 58 of the Act and shall have effect accordingly.