Regulatory Alerts2020-03-09
Added
Consequential Amendments Arising from Amendments to Insurance (Valuation and Capital) Regulations 2004
The Monetary Authority of Singapore issued Circular No. ID 11/20 to implement consequential amendments to various regulations, notices, and guidelines following changes to the Insurance (Valuation and Capital) Regulations 2004. These updates, which include the replacement of Circular ID 02/08 and the cancellation of MAS Notice 319 and Guidelines ID 1/04, take effect on 31 March 2020. The document serves to inform licensed insurers of the revised legal framework and directs them to the MAS website for the full texts of the amended instruments.
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