Cap. 487 Art. 43JApplication of Part VIIIA of theAct.

(1) Subject to sub-article (2), for the purposes of this Part of this Act:

(a) "authorised undertaking" shall not include an authorised reinsurance undertaking, a reinsurance intermediary, a European insurance undertaking and a European reinsurance undertaking;

(b) "insurance broker" shall not include an insurance intermediary registered under Article 3 of the Insurance Distribution Directive in a Member State or EEA State other than Malta.

(2) In the case of a European insurance undertaking or an insurance intermediary registered under Article 3 of the Insurance Distribution Directive in a Member State or EEA State other than Malta, seeking to appoint a person resident in Malta or having its registered office or head office in Malta to carry out ancillary insurance intermediaries activities, that undertaking or intermediary shall enrol such person with the competent authority as may be determined by Insurance Distribution Rules made for the purposes of this article and the said Insurance Distribution Rules shall contain the particulars, conditions and requirements for enrolment.