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.
Notices
Last Revised Date: 30 December 2020
Notice 213 on Insurance Returns (Accounts and Statements) for Financial Guarantee Insurers
Requirements for financial guarantee insurers on the returns to be lodged with MAS.
Financial Returns
Valuation and Capital
Licensing, Authorisation and Registration
Applies to:
Direct Insurer (General)
View Notice
Notice 213 on Insurance Returns (Accounts and Statements) for Financial Guarantee Insurers
(620.4 KB)
This notice sets out the forms, submission requirements and deadlines for the returns to be submitted by financial guarantee insurers.
30 Dec 2020 MAS 213 (Amendment No. 2) 2020 (1.21 MB) takes effect on 31 Dec 2020
06 Mar 2020 MAS 213 (Amendment) 2020 (1.07 MB) takes effect on 31 Mar 2020
Sets out requirements for carrying on financial guarantee insurance business as a direct insurer licensed under the Insurance Act (Cap. 142).
Informs insurers that the revised insurance returns will be implemented on 1 January 2019.
Consultation number:
P024-2014
Start date:
13 October 2014
Closing date:
24 November 2014
MAS response date:
28 June 2016