Regulatory Alerts2020-12-30
Added
Notice 213 on Insurance Returns for Financial Guarantee Insurers
The Monetary Authority of Singapore issued Notice 213 to establish the forms, submission requirements, and deadlines for financial returns lodged by financial guarantee insurers. This regulatory framework mandates that direct insurers licensed under the Insurance Act adhere to specific valuation, capital, and licensing standards for their accounts and statements. The notice incorporates amendments effective in 2020 and implements revised insurance returns starting from January 2019.
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