Regulation 1
Citation and commencement
These Regulations are the Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 and come into operation on 17 February 2023.
/akn/sg/act/sub_leg/1966/IA-S75-2023
Insurance (Prescribed Interests under Section 34(6)) Regulations 2023
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1966
- Sections
- 2
Quick answer
About this subsidiary legislation
Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation IA-S75-2023 1966, currently marked in force and first recorded in 1966.
Regulation 2
Prescribed interests to which section 34 of Act does not apply
Subregulation 1
For the purposes of section 34(6)(c) of the Act, the following interests are prescribed interests to which section 34 of the Act does not apply:
(a)
any interest acquired, directly or indirectly, using any policy asset of an insurance fund established and maintained under the Act by a direct insurer licensed to carry on life business for its participating policies;
(b)
any interest held, directly or indirectly, as a policy asset of an insurance fund mentioned in sub‑paragraph (a);
(c)
any interest that is acquired, directly or indirectly, using any underlying asset of an insurance fund established and maintained under the Act by a direct insurer licensed to carry on life business for its investment‑linked policies;
(d)
any interest that is held, directly or indirectly, as an underlying asset of an insurance fund mentioned in sub‑paragraph (c).
Subregulation 2
In this regulation —
Definition
“policy asset” means an asset of an insurance fund held for the benefit of policyholders in that fund;
Definition
“underlying asset” means an asset of an insurance fund to which reference is made when calculating the value of an investment‑linked policy.
Common questions
- What is Insurance (Prescribed Interests under Section 34(6)) Regulations 2023?
- Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation IA-S75-2023 1966, currently marked in force and first recorded in 1966.
- Is Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 still in force?
- Yes — Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 is currently in force.
- When did Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 take effect?
- Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 was first recorded in 1966.
- How many regulations does Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 have?
- Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 contains 2 regulations.
- Where can I read the official version of Insurance (Prescribed Interests under Section 34(6)) Regulations 2023?
- The official text of Insurance (Prescribed Interests under Section 34(6)) Regulations 2023 is published at sso.agc.gov.sg.