Section 22A

A member institution is prohibited from charging or transferring premiums or levies payable to the Corporation to depositors, policy owners or certificate owners in any manner, directly or indirectly.

For the avoidance of doubt, levies payable by an insurer member to the Corporation shall be borne by the insurer member and shall be paid solely from the shareholders’ fund of the insurer member.”.

Deletion of regulation 23 21.

The principal Regulations are amended by deleting regulation