Regulatory Alerts2024-09-25
Added
Consultation on New Guidelines to MAS Notice 134 on Recovery and Resolution Planning
The Monetary Authority of Singapore invites comments on proposed guidelines that elaborate on the requirements of MAS Notice 134 regarding recovery and resolution planning. These guidelines aim to provide further guidance to licensed insurers on implementing the regulatory framework. Stakeholders are requested to submit their feedback by 25 October 2024 via the designated link.
Circular No: ID 12/24 25 September 2024 To Chief Executives All Licensed Insurers Dear Sir/Madam CONSULTATION ON NEW GUIDELINES TO MAS NOTICE 134 ON RECOVERY AND RESOLUTION PLANNING MAS is seeking comments on the new guidelines to MAS Notice 134 on recovery and resolution planning. The proposed guidelines aim to provide further guidance and elaboration on the requirements set out in MAS Notice 134. 2 The consultation paper can be accessed on the MAS website1 . Please submit your company’s comments to the consultation paper by 25 October 2024 at link. 3 If you have any queries relating to the consultation paper, please contact your company’s liaison officer in MAS. Yours faithfully (Sent via MASNET) DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT 1 https://www.mas.gov.sg/publications/consultations/2024/consultation-paper-on-guidelines-to-mas-notice134-on-recovery-and-resolution-planning