Regulatory Alerts1999-08-18
Added
Notice 208 Financial Reinsurance
The Monetary Authority of Singapore issued this notice to establish requirements for insurers regarding clarity and consistency in risk transfer, accounting treatment, reporting, and disclosure. It defines financial reinsurance and outlines the Authority's stance on its use, including the application of risk transfer rules and specific accounting treatments. The document supersedes the previous MAS Notice 208 dated 28 August 2004 to ensure regulatory alignment for insurers registered to carry on general business.
Notices
Last Revised Date: 18 August 1999
Requirements for insurers to ensure clarity and consistency in risk transfer, accounting treatment, reporting and disclosure.
Issued pursuant to:
Insurance Act (Cap. 142) section 64(2)
View Notice
Notice 208 Financial Reinsurance
(41.7 KB)
This notice applies to any insurer registered to carry on general business.
It sets out:
The Authority's stance on the use of financial reinsurance.
The definition of financial reinsurance.
Application of risk transfer rules and accounting treatment.
Reporting and disclosure requirements.
01 Apr 2011
MAS Notice 208 (13.2 KB) dated 28 August 2004 is cancelled with immediate effect.
28 Aug 2004 MAS Notice 208 (Amendment) 2004 takes effect.