Regulatory Alerts2018-12-27
Added
Amendments to the Insurance (Approved Marine, Aviation and Transit Insurers) Regulations and Insurance (Approved Marine, Aviation and Transit Brokers and Approved Reinsurance Brokers) Regulations
The Monetary Authority of Singapore issued the Insurance (Approved Marine, Aviation and Transit Insurers) (Amendment) Regulations 2018 and the Insurance (Approved Marine, Aviation and Transit Insurance Brokers and Approved Reinsurance Brokers) (Amendment) Regulations 2018 to implement Singapore's commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. These Amendment Regulations liberalize the cross-border supply of international marine, aviation, and goods in transit insurance, as well as related broking and reinsurance broking services. The regulations are scheduled to come into operation on 30 December 2018.
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