Singapore legislation
Regulation 14
Regulation 14
Revocation
Subregulation 1
The Insurance (Actuaries) Regulations 2004 (G.N. No. S 495/2004) (referred to in this regulation as the revoked Regulations) are revoked.
Subregulation 2
Notwithstanding paragraph (1) —
regulation 4(3) of the revoked Regulations in force immediately before 18th April 2013 shall continue to apply to any licensed insurer who was a direct life insurer within the meaning of the revoked Regulations, immediately before that date and whose appointed actuary has ceased to be such at any time before that date; and
regulation 11 of the revoked Regulations in force immediately before 18th April 2013 shall continue to apply to an investigation in relation to an accounting period of a licensed insurer, being a period that commences before 18th April 2013.
Subregulation 3
Regulation 10(4) shall apply in relation to a report made under regulation 8 of the revoked Regulations as it applies to a report made under regulation 10(1) or (2).