Regulatory Alerts2023-11-30
Added
Notice 122 Asset & Liability Exposures for Insurers
The Monetary Authority of Singapore issued Notice 122 to require all licensed insurers, excluding specific exempt categories, to submit detailed asset and liability returns. The regulation establishes the requirements, reporting forms, and submission timeframes for disclosing financial data to the regulator. Recent amendments effective from January 2024 update these obligations to ensure accurate data reporting under the risk-based capital framework.
Notices
Last Revised Date: 30 November 2023
Notice 122 Asset & Liability Exposures for Insurers
Requirements for insurers on submitting returns to MAS, including reporting forms, glossary and submission timeframe.
View Notice
Notice 122 Asset & Liability Exposures for Insurers
(79.6 KB)
This notice applies to all licensed insurers, except captive insurers, foreign insurers carrying on insurance business under foreign insurer scheme established under section 53 of the Insurance Act and marine mutual insurers.
It requires insurers to submit information on their asset and liability to MAS.
30 Nov 2023 MAS 122 (Amendment) 2023 (108.3 KB) takes effect from 1 Jan 2024
06 Mar 2020 MAS 122 (Amendment) 2020 (381.5 KB) takes effect from 31 Mar 2020
30 May 2019 Notice 122 dated 30 May 2019 (152.8 KB) takes effect
29 Nov 2012 Notice 122 dated 29 Nov 2012 (76.4 KB) [Cancelled with effect from 30 May 2019]
Submission Template
Notice 122 - Excel Submission Template (120.9 KB)
Glossary
Glossary (85.5 KB)
Business Validation Rules
Notice 122 - Rules and Features Files.zip (ZIP, 346.7 KB)
XML Schema
Notice 122 - XML Schema Definition.zip (ZIP, 199.4 KB)
Sample XML Files
Notice 122 - Sample XML Files.zip (ZIP, 21.4 KB)
Reminds insurers to ensure data accuracy for Notice 122 returns.
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
Requirements and standards in relation to disclosure, investment guidelines, borrowing limits and operational practices for investment-linked policies.
Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.
Sets out amendments to MAS 105 and MAS 122.
Requirements on licensed insurers' appointment of custodians.
Applies to all licensed insurers, except for captive insurers, marine mutual insurers and Special Purpose Reinsurance Vehicles. It sets out the requirements for insurers to submit returns to MAS.
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