Regulation 1
Citation
These Regulations may be cited as the Insurance (Exemption) Regulations.
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Insurance (Exemption) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation IA-RG12 1966, currently marked in force and first recorded in 1966.
Citation
These Regulations may be cited as the Insurance (Exemption) Regulations.
Exemption in respect of securities lending arrangement
Section 20 of the Act shall not apply in respect of the following:
any loan of securities by an insurer under a securities lending arrangement where the securities that are loaned are assets of an insurance fund established by it; and
any provision of collateral by an insurer under a securities lending arrangement where the insurer borrows securities and the collateral that is provided are assets of an insurance fund established by it.
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