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.
Notices
Last Revised Date: 30 May 2019
MAS 105 Notice on Insurers' Appointment of Custodians
Requirements on licensed insurers' appointment of custodians.
View Notice
MAS 105 Notice on Insurers' Appointment of Custodians
(357 KB)
This notice applies to all licensed insurers.
It sets out mandatory requirements and guidelines on 'Appointment and on-going monitoring of custodians and sub-custodians' and 'Custody arrangements'.
30 May 2019 Notice 105 dated 30 May 2019 takes effect from 1 Jan 2020.
30 Jun 2010 MAS Notice 105 (Amendment) 2010 (5.59 KB) takes effect.
26 Jan 2004 Notice 105 dated 26 Jan 2004 (12.9 KB) . [Cancelled with effect from 31 Dec 2019]
Reminds insurers to ensure data accuracy for Notice 122 returns.
Requirements for insurers on submitting returns to MAS, including reporting forms, glossary and submission timeframe.
Informs insurers on the amendments to MAS Notice 122.
To respond to the feedback received on the consultation paper on MAS' proposed changed to the Notice 122.
Consultation number:
P017 - 2021
Start date:
05 November 2021
Closing date:
06 December 2021
MAS response date:
27 May 2022
Sets out amendments to MAS 105 and MAS 122.
Informs insurers that MAS has issued its response to feedback on the consultation paper on review of MAS 105 on appointment of custodians and fund managers.
This consultation paper sets out MAS’ proposals to enhance the requirements and guidelines on insurers’ appointment of custodians and sub-custodians, as well as refine and streamline the information collected on custodian arrangements.
Consultation number:
P012 - 2016
Start date:
09 November 2016
Closing date:
09 December 2016
MAS response date:
28 August 2018