Regulatory Alerts2023-12-07
Added
Consultation Paper on Proposed Enhancements to the Policy Owners’ Protection Scheme in Singapore
The Monetary Authority of Singapore (MAS) issued a consultation paper seeking public feedback on proposed enhancements to the Policy Owners’ Protection Scheme (PPF Scheme). These changes aim to enhance coverage, simplify the scheme's design, and improve operational efficacy to better protect policy owners in the event of insurer failure. MAS invites comments on these proposals by 16 February 2024.