RegAlert2024-12-26
Added · Updated
Issuance of Guidelines to MAS Notice 134 on Recovery and Resolution Planning and Response to Feedback on Consultation Paper
The Monetary Authority of Singapore issued the Guidelines to MAS Notice 134 on Recovery and Resolution Planning, which take effect on 1 January 2025 alongside the Notice itself. These guidelines provide further elaboration on the regulatory requirements for Designated Financial Holding Companies and Licensed Insurers. MAS also published its response to feedback received from the consultation paper released on 25 September 2024.
MAS published 1 document in the last 30 days — get each new one by email the day it lands.
- Obligation 0
- Permission 0
- Definition / condition 5
- Reporting template 0
- background, boilerplate
Circular No: ID 20/24
26 December 2024
To Chief Executives
All Designated Financial Holding Companies (Licensed Insurer) (“DFHC (Licensed Insurer)s”) and Licensed Insurers Dear Sir/Madam ISSUANCE OF GUIDELINES TO MAS NOTICE 134 ON RECOVERY AND RESOLUTION PLANNING (“GUIDELINES TO MAS NOTICE 134”) AND RESPONSE TO FEEDBACK ON CONSULTATION PAPER On 25 September 2024, the Monetary Authority of Singapore (MAS) issued a consultation paper to seek feedback on the proposed Guidelines to MAS Notice 134, which provides further guidance and elaboration on the requirements set out in MAS Notice 134. The Guidelines to MAS Notice 134 will take effect, together with MAS Notice 134, on 1 January 2025. 2 MAS would like to thank all respondents for their feedback. We have carefully considered all comments received. The Guidelines to MAS Notice 134 and our response are available on the MAS website (www.mas.gov.sg). 3 Please contact your company’s liaison officer in MAS should you have any queries. Yours faithfully (Sent via MASNET) DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Similar documents from other regulators
BSPGuidelines on the Preparation of Recovery Plan for Banks with Simple and Non-Complex OperationsPhilippines · 2024-05-30
CBTTCircular Letter – Recovery Plan GuidelineTrinidad and Tobago · 2023-11-10
ACPRCompliance with EBA Guidelines on Recovery Resolution Planning Recovery Capacity (EBA/GL/2023/06)France · 2023-12-22
MFSACircular to Institutions on the submission of a Recovery Plan DocumentMalta · 2015-09-17
NFSAGuidelines for Recovery Plans for Securities CompaniesNorway · 2019-12-11
Source: Monetary Authority of Singapore — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from MAS
MAS published 1 document in the last 30 days. We email you each new one the day it's published.