Estonia: Insurance Laws and Products

On 10 February the Riigikogu adopted the State Export Guarantees Amendment Act. The amendments increased the state guarantee limit amount and specified the provisions regulating investment guarantees.

On 9 February 2005 the Riigikogu adopted the Act Amending the Securities Market Act, Financial Supervisory Authority Act, Estonian Central Register of Securities Act, Money Laundering and Terrorist Financing Prevention Act and Credit Institutions Act.

On 25 November 2004, the Riigikogu adopted the Credit Institutions Act Amendment Act. Once again, European Union law required the changes. These changes bring increased regulatory detail, particularly regarding activity licences and the acquisition of a qualifying holding.