Regulatory Alerts2022-06-29
Added
Notice FHC-N106 Appointment of Director, Chairperson, Member of Nominating Committee, and Key Executive Person
The Monetary Authority of Singapore issued Notice FHC-N106 to establish requirements for designated financial holding companies with licensed insurance subsidiaries. The notice mandates that these entities seek prior approval for appointing directors, chairpersons, and key executive persons while notifying the regulator of any additional roles assumed by key executives. It further requires companies to ensure all proposed appointees meet fit and proper criteria to fulfill their governance responsibilities effectively.
Topics
Share