Regulatory Alerts2022-07-07
Added
Notice 501 Quarterly Statement on Ageing of Premiums Owing to Insurers [Cancelled]
The Monetary Authority of Singapore cancelled MAS Notice 501 with effect from 7 July 2022. This notice previously required registered and exempt insurance brokers to submit quarterly statements regarding the ageing of premiums owing to insurers. The cancellation removes these specific reporting obligations under the Insurance Act 1966.
Notices
Last Revised Date: 07 July 2022
Notice 501 Quarterly Statement on Ageing of Premiums Owing to Insurers [Cancelled]
This notice was cancelled with effect from 7 July 2022.
Statistical Returns
Customer Monies and Assets Segregation
Issued pursuant to:
Insurance Act 1966 section 154(4)
Applies to:
Registered Insurance Broker
,
Exempt Insurance Broker
View Notice
Notice 501 Quarterly Statement on Ageing of Premiums Owing to Insurers [Cancelled]
(101.6 KB)
7 Jul 2022 MAS Notice 501 (309.6 KB) is cancelled.
16 Apr 2020 MAS Notice 501 (309.6 KB) (Amendment) 2020 takes effect.
17 May 2013 MAS Notice 501 (Amendment) 2013 takes effect.
01 Jan 2008 MAS Notice 501 (Amendment) 2008 takes effect.
01 Jul 2005 MAS Notice 501 (Amendment) 2005 takes effect.
24 Feb 2003 MAS Notice 501 (Amendment) 2003 takes effect.
This Compliance Toolkit is to guide and facilitate insurance brokers’ compliance with the various MAS approval and reporting requirements and timelines.