(1) The Bank may prescribe such information as it considers appropriate (other than the information referred to in section 43B) to be provided by an insurer or insurance intermediary to a client in relation to proposals for and the marketing, sale, distribution, conclusion and issue of, policies of insurance and related matters -
(a) before the conclusion of such policies, and
(b) during the term of such policies,
which information shall be provided in such form and manner as may be prescribed by the Bank.
(2) Any regulations made under this section in relation to information about payments in respect of the sale of policies of insurance to be provided to clients of insurers and insurance intermediaries shall be such as to ensure that the requirements in the regulations regarding disclosure of the remuneration of sales employees of insurers shall, in so far as is possible, be equivalent to those regarding disclosure of the payments of commission by insurers to insurance intermediaries.
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