Consultation on Review of MAS 105 on Insurers' Appointment of Custodians and Fund Managers

Circular No. ID 08/16 10 November 2016 To Chief Executives All Insurers Dear Sir/Madam CONSULTATION ON REVIEW OF MAS 105 ON INSURERS’ APPOINTMENT OF CUSTODIANS AND FUND MANAGERS MAS has issued a public consultation paper on the review of MAS 105 on appointment of custodians and fund managers. The proposed changes seek to enhance the requirements and guidelines on insurers’ appointment of custodians and sub-custodians, as well as refine and streamline the information collected on custodian arrangements. 2 The consultation paper is available on the MAS website at http://www.mas.gov.sg/News-and-Publications/Consultation￾Paper/2016/Review-of-MAS-105-on-Insurers-Appointment-of-Custodians-and￾Fund-Managers.aspx. Please submit your company’s comments to the consultation paper by 9 December 2016. 3 If you have queries relating to the consultation paper, please direct them to Notice105@mas.gov.sg. Thank you. Yours faithfully [sent via MASNET] MS LEE KENG YI DIRECTOR AND DEPARTMENT HEAD INSURANCE DEPARTMENT