Regulatory Alerts2024-12-03
Added
Amendments To MAS Notice FHC-N125 On Investment Activities
The Monetary Authority of Singapore has amended MAS Notice FHC-N125 on Investment Activities to apply the revisions of MAS Notice 125 at the Designated Financial Holding Company and group levels. These changes require entities to establish asset allocation limits by asset type and credit rating, as well as develop a counterparty risk appetite statement where necessary. The revised notice is available on the MAS website and takes effect on 1 January 2025.
1 Circular No. ID 17/24 3 December 2024 To Chief Executives All Designated Financial Holding Companies (Licensed Insurer) (“DFHC (Licensed Insurer)s”) and Licensed Insurers except for Captive Insurers, Marine Mutual Insurers and SPRVs Dear Sir/Madam AMENDMENTS TO MAS NOTICE FHC-N125 ON INVESTMENT ACTIVITIES Following the issuance of the revised MAS Notice 125 on Investments of Insurers on 30 September 2022, the Monetary Authority of Singapore (MAS) has amended MAS Notice FHC-N125 on Investment Activities. These amendments apply the MAS Notice 125 revisions at the DFHC (Licensed Insurer) and the FHC group level. The changes encompass areas such as establishing asset allocation limits by asset type and credit rating, and developing a counterparty risk appetite statement where necessary. 2 The revised MAS Notice FHC-N125 is available on the MAS website and will take effect on 1 January 2025. 3 If you have queries on this matter, please contact your company’s liaison officer in MAS. Thank you. Yours faithfully [sent via MASNET] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT