Regulatory Alerts2023-12-07
Added
MAS Notice FHC-N129 on Returns
The Monetary Authority of Singapore issues Notice FHC-N129 to establish submission requirements, forms, and deadlines for financial returns lodged by designated financial holding companies with licensed insurance subsidiaries. This notice was amended by MAS Notice FHC-N129 (Amendment) 2023, which takes effect on 1 January 2024, to align with the valuation and capital requirements under MAS Notice FHC-N133. The regulatory framework applies to all designated financial holding companies with Singapore-incorporated licensed insurer subsidiaries, excluding captive insurers, marine mutual insurers, and special purpose reinsurance vehicles.
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