Regulatory Alerts2021-03-15
Added
Notice 212 on Insurance Returns (Accounts and Statements) for Marine Mutual Insurers
The Monetary Authority of Singapore issues Notice 212 to establish the forms, submission requirements, and deadlines for financial returns lodged by marine mutual insurers. The regulation mandates the transition from hardcopy to electronic submission for annual returns and outlines specific operational expectations for compliance. It also provides revised application forms for the appointment of external auditors and applies to direct general insurers licensed to write marine mutual insurance business.
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