Cap. 487 Art. 33Restriction on persons for carrying out tied insurance intermediaries activities.

(1) Subject to sub-article (2), no person shall act as a tied insurance intermediary and carry out, or attempt to carry out in

Malta tied insurance intermediaries activities unless such person is appointed, registered and enrolled in accordance with the provisions of this Act.

(2) This article shall not apply to a person which is registered pursuant to the Insurance Distribution Directive, in a Member State or an EEA State, other than Malta.