Regulatory Alerts2024-06-27
Added
Notice 134 Recovery and Resolution Planning
The Monetary Authority of Singapore issued Notice 134 to establish recovery and resolution planning requirements for notified insurers and designated financial holding companies with licensed insurance subsidiaries. The regulation mandates that these entities comply with specific planning obligations to ensure financial stability and orderly resolution. An amendment to this notice is scheduled to take effect on 1 January 2025, following a consultation process that concluded in late 2024.
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