Regulatory Alerts2019-11-06
Added
Approval of External Auditors
The Monetary Authority of Singapore issued Circular No. ID 13/19 to revise the application process for licensed insurers seeking approval for external auditor appointments under the Insurance Act. This update introduces new application forms that require detailed disclosure of fees for audit-related services and previous engagement metrics. Insurers must submit these completed forms to the Authority at least one month prior to the proposed appointment date.
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