Regulatory Alerts2021-01-04
Added
Insurance (Approved Marine, Aviation and Transit Insurance Brokers and Approved Reinsurance Brokers) (Amendment) Regulations 2021
The Monetary Authority of Singapore issued the Insurance (Approved Marine, Aviation and Transit Insurance Brokers and Approved Reinsurance Brokers) (Amendment) Regulations 2021 to amend the First Schedule of the principal regulations. These regulations insert the United Kingdom as item 4, thereby approving it as a jurisdiction for approved marine, aviation, transit, and reinsurance brokers. The amendments are deemed to have come into operation on 1 January 2021 at 7 a.m. pursuant to powers conferred by the Insurance Act.
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