S.L. 403.20 Art. 6Power of the competent authority to issue Insurance Rules.

(1) For the better carrying out of the provisions of these regulations, the competent authority may issue Insurance Rules for the purpose of implementing the guidelines issued by the European

Insurance and Occupational Pensions Authority under Article 16 of Regulation (EU) No. 1094/2010 of the European Parliament and of the Council of the 24 November 2010 establishing a European Supervisory Authority amending Decision No. 716/2009/EC and repealing Commission Decision 2009/79/EC, for the phasing-in of the Solvency II Directive.

(2) Such Insurance Rules may contain such incidental, supplementary and consequential provisions as appear to the competent authority to be expedient for the purposes of these regulations.