Regulatory Alerts2020-12-30
Added
Amendments To Insurance Returns Legislations
The Monetary Authority of Singapore issued Circular No. ID 43/20 to amend multiple insurance returns legislations and cancel MAS Notice 119. The amendments mandate the conversion of annual return submissions from hardcopy to electronic format via email and introduce corresponding statutory reporting changes for participating funds. Additional updates clarify submission frequencies, definitions for new insurers, solvency fund transfers, and specific formatting requirements for electronic filings.
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