Regulatory Alerts2023-11-15
Added · Updated
Issuance of MAS Notice FHC-N133 for Designated Financial Holding Companies with Licensed Insurer Subsidiaries
The Monetary Authority of Singapore issued MAS Notice FHC-N133 to establish valuation and capital requirements for designated financial holding companies with licensed insurer subsidiaries based on the RBC 2 consolidation framework. This notice incorporates refinements to interest rate mismatch risk calculations and group scope definitions following public consultation feedback. The requirements take effect on 1 January 2024, requiring affected companies to prepare statutory returns and submit the MAS_RBC 2 Group Capital Workbook for the quarter ending 31 March 2024.