Notice 129 on Insurance Returns (Accounts and Statements)

Notices

Last Revised Date: 15 March 2021

Notice 129 on Insurance Returns (Accounts and Statements)

Requirements for licensed insurers, except for captive insurers, marine mutual insurers and special purpose reinsurance vehicles, on the returns to be lodged with MAS.

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Notice 129 on Insurance Returns (Accounts and Statements)

(3.37 MB)

This notice sets out the forms, submission requirements and deadlines for the returns to be submitted by licensed insurers, except for captive insurers, marine mutual insurers and special purpose reinsurance vehicles.

15 Mar 2021 MAS 129 (Amendment) 2021 (3.41 MB) takes effect on 16 Mar 2021.

30 Dec 2020 MAS 129 (Amendment No. 2) 2020 (5.46 MB) takes effect on 31 Dec 2020.

06 Mar 2020 MAS 129 (Amendment) 2020 (3.51 MB) takes effect on 31 Mar 2020.

19 Dec 2018 MAS 129 (Amendment) 2018 (2.35 MB) takes effect on 1 Jan 2019.

This Compliance Toolkit is to guide and facilitate direct insurers' and reinsurers’ compliance with the various MAS approval and reporting requirements and timelines.

Requirements on the returns to be lodged with MAS for designated financial holding companies that have a subsidiary that is a licensed insurer incorporated, formed or established in Singapore.

Informs all insurers on amendments to the legislations on insurance returns.

Informs insurers on changes to insurance returns legislations, including replacing hardcopy submission requirements for annual returns with electronic submission requirements, and sets out specific expectations on the operational details for the submission.

Provides the revised application forms for the appointment of external auditors.

Instructions for conducting RBC 2 parallel for YE2018.

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.

Reminds all licensed insurers that prior approval from their Chief Executive and/or Board is required before the insurer submits the electronic returns to MAS.

Informs insurers that the revised insurance returns will be implemented on 1 January 2019.

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.

Provides the revised application forms for the appointment of external auditors.

Sets out the implementation timeline for revised insurance returns.

Consultation number:

P024-2014

Start date:

13 October 2014

Closing date:

24 November 2014

MAS response date:

28 June 2016

Provides a summary of submission requirements of insurance returns.