Regulatory Alerts2020-12-30
Added
MAS Notice 100 Licensing of Insurers
The Monetary Authority of Singapore issued Notice 100 to establish regulatory requirements for all licensed insurers regarding annual fee payments and updates to licensing particulars. The notice specifies the applicable timeframes and modes of payment for annual fees, as well as the procedures for seeking approval or notifying the regulator of changes to licensing details. This framework ensures compliance with MAS standards for various insurer categories including marine mutual, captive, and special purpose reinsurance vehicles.