Regulatory Alerts2018-09-28
Added · Updated
Notice on Insurance Returns for Special Purpose Reinsurance Vehicles
Special Purpose Reinsurance Vehicles must lodge specific forms and annexes via MASNET or email based on their licensed business class, with strict signatory requirements for electronic submissions. All monetary amounts must be in Singapore dollars, and asset, liability, income, and expense values must be determined in accordance with the Insurance (Valuation and Capital) Regulations 2004, MAS Notice 133, or Accounting Standards. Annual Returns marked for audit must be audited by an approved auditor, while Other Annual Returns are exempt from this requirement. Submissions are due on specified deadlines calculated from the last day of the relevant accounting period or financial year.
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