Regulatory Alerts2025-10-30
Added
Notice 502 Minimum Standards and Continuing Professional Development for Insurance Brokers and their Broking Staff
The Monetary Authority of Singapore issued Notice 502 to establish minimum standards and continuing professional development requirements for registered and exempt insurance brokers and their broking staff. The notice mandates specific examination criteria, appointment submission protocols, and ongoing training obligations to ensure competency within the industry. These regulations are enforced under the Insurance Act and apply to all relevant persons conducting regulated insurance broking activities.
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