Regulatory Alerts2019-05-30
Added
MAS 105 Notice on Insurers' Appointment of Custodians
The Monetary Authority of Singapore issued MAS Notice 105 to establish mandatory requirements and guidelines for licensed insurers regarding the appointment and ongoing monitoring of custodians and sub-custodians. The notice outlines specific standards for custody arrangements and applies to all licensed insurers, with the current version taking effect on 1 January 2020. Subsequent amendments and consultation responses have refined these requirements to enhance regulatory oversight and streamline information collection on custodian arrangements.
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