Regulatory Alerts2021-03-15
Added
Notice 130 on Insurance Returns (Accounts and Statements) for Captive Insurers
The Monetary Authority of Singapore issued Notice 130 to establish the forms, submission requirements, and deadlines for financial returns lodged by captive insurers. The regulation mandates the electronic submission of annual returns and outlines specific operational expectations for compliance with insurance returns legislation. It also provides guidance on actuarial investigation reports and aligns with the risk-based capital framework for asset and liability valuation.
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