RegAlert

Rule · MAS · 16 Mar 2026

Issuance of Revised Notice 133 and Notice FHC-N133

capital

The Monetary Authority of Singapore issued revised Notice 133 and Notice FHC-N133 on 16 March 2026 to update regulatory capital requirements for licensed insurers and designated financial holding companies. The revisions introduce an equity counter-cyclical adjustment and new capital treatment rules for structured products and infrastructure investments. These changes take effect on 31 March 2026 and apply to MAS reporting starting from the first quarter of 2026.

SingaporeMonetary Authority of Singapore

Circular No: ID 05/26
16 March 2026
To Chief Executives
All Licensed Insurers
All Designated Financial Holding Companies (Licensed Insurer) Dear Sir/Madam ISSUANCE OF REVISED NOTICE 133 AND NOTICE FHC-N133 MAS has issued the revised Notice 133 and Notice FHC-N133 on 16 March 2026. The revision includes the proposed introduction of equity counter-cyclical adjustment (CCA)1 , and the capital treatment for structured products and infrastructure investments2 , amongst others. These changes will take effect on 31 March 2026 and apply to MAS’ Q1 2026 reporting onwards. 2 Please contact your company’s liaison officer in MAS should you have any queries. Yours faithfully [sent via MAS-Tx] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT 1 https://www.mas.gov.sg/regulation/circulars/id10_25 2 https://www.mas.gov.sg/regulation/circulars/id13_25

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Annotations and obligations
5 definitions
  • Definition / condition 5
  • background, boilerplate

Lineage: In force

Notice FHC-N133 on Valuation an…2026Notice FHC-N133 on Valuation and Capital Framework for Designated Financial Holding Companies (Licensed Insurer) (2026-03-16)Issuance of Revised Notice 133and Notice FHC-N1332026-03-16 · this documentIssuance of Revised Notice 133 and Notice FHC-N133 (2026-03-16)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

This document amends: Notice FHC-N133 on Valuation and Capital Framework for Designated Financial Holding Companies (Licensed Insurer)

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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

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