Regulatory Alerts2022-09-30
Added
Insurance (Intermediaries) Regulations
The Monetary Authority of Singapore issued the Insurance (Intermediaries) Regulations to establish financial and business conduct requirements for registered and exempt insurance brokers. The regulations mandate specific obligations regarding financial accounts, audits, staff registers, annual fees, and exemptions, while defining statutory forms for balance sheets, premium accounts, and business notices. These rules aim to ensure regulatory compliance and align the insurance intermediary framework with broader financial sector standards.
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