The Act of 1994 is hereby amended by the insertion of the following section after section 30:
(1) Where it appears to the Society, after consultation with the Minister, that it is necessary to do so for the purpose of ensuring the fair and reasonable implementation in the public interest of the provisions of section 26 of the Act of 1994 and the provisions of sections 21 and 22 (as substituted by the Act of 1994) of the Act of 1960 (or regulations made by the Society relating thereto), the Society may make regulations, with the consent of the Minister, providing that a solicitor who -
(a) is an authorised investment business firm, or
(b) is, or who holds himself out as being, an insurance intermediary,
shall, as a condition of being issued with a practising certificate, effect and maintain, in respect of -
(i) the provision of investment business services as an authorised investment business firm, or
(ii) activities as an insurance intermediary,
such form or forms of indemnity ag
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