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Non-applicability of extra-territoriality of Act

Insurance (Intermediaries) Regulations

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Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

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—(1) Section 145(2) of the Act shall not apply in respect of any advertisement issued by or on behalf of a person carrying on insurance business as an insurance intermediary outside Singapore if —(a)the advertisement is not made to or directed at persons in Singapore, whether electronically or otherwise;(b)the advertisement does not contain any information especially relevant to persons in Singapore;(c)the advertisement contains a prominent disclaimer referred to in paragraph (2); and(d)the advertisement is not referred to in, or directly accessible from, any source which is calculated to draw the attention of persons in Singapore to the advertisement.(2) For the purposes of paragraph (1)(c), the disclaimer shall consist of a statement to the effect that the advertisement to which it relates —(a)is directed at persons outside Singapore; or (b)shall not be acted on by persons in Singapore.(3) In this regulation, “advertisement” means the dissemination or conveyance of information, or invitation or solicitation by any means or in any form, including by means of —(a)publication in a newspaper, magazine, journal or other periodical;(b)display of posters or notices;(c)circulars, handbills, brochures, pamphlets, books or other documents;(d)letters addressed to individuals or bodies corporate or unincorporate;(e)photographs or cinematograph films; or(f)sound broadcasting, television, the internet or other media.

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