Regulatory Alerts2026-05-29
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MAS 106 Appointment of Director, Chairman, Member of Nominating Committee, and Key Executive Person for Insurers
The Monetary Authority of Singapore (MAS) Notice 106 applies to all licensed insurers, setting out requirements and guidelines for the appointment of directors, chairmen, and key executive persons. Insurers must seek MAS' approval for such appointments and ensure proposed appointees are fit and proper to fulfil their roles and responsibilities. Additionally, insurers are required to notify MAS of any additional directorships or key executive person roles taken up, and of outstanding engagements accepted by appointed or certifying actuaries.
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