Regulatory Alerts2018-08-16
Added
Approval of External Auditors
The Monetary Authority of Singapore requires licensed insurers to obtain prior approval for the appointment of external auditors under Section 36(6) of the Insurance Act. This circular introduces revised application forms that mandate the inclusion of board meeting minutes and fee details for non-audit services. Consequently, Circular No. ID 26/13 is cancelled with immediate effect and the new forms must be submitted at least one month before the proposed appointment date.
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