Regulatory Alerts2025-10-30
Added
Amendments to MAS Notice 211 and MAS Notice 502
The Monetary Authority of Singapore issued Circular No. ID 14/25 and FAS 16/2025 to revise Annex 1 of MAS Notice 211 and Appendix 1 of MAS Notice 502. These amendments formally include the Institute for Technical Education’s Higher Nitec in Business Administration as a recognized qualification for training and competency standards. The changes apply to direct general insurers, insurance brokers, and exempt insurance brokers, and take effect with immediate effect.
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