Regulatory Alerts2026-03-16
Added
Notice FHC-N133 on Valuation and Capital Framework for Designated Financial Holding Companies (Licensed Insurer)
The Monetary Authority of Singapore issues Notice FHC-N133 to establish valuation and capital requirements for Designated Financial Holding Companies with licensed insurer subsidiaries under the Risk Based Capital 2 consolidation approach. The framework mandates specific capital treatments for structured products, infrastructure investments, and equity counter-cyclical adjustments, while introducing additional criteria for recognizing capital instruments as Additional Tier 1 or Tier 2 capital. These regulations apply to designated financial holding companies and licensed insurers, excluding captive and marine mutual insurers, with key amendments taking effect in early 2026.