Regulatory Alerts2024-12-20
Added
Notification to The Monetary Authority of Singapore on Events of Significant Impact
The Monetary Authority of Singapore issued Circular No. ID 10/14 to mandate that licensed insurers immediately report any events significantly impacting their operations. The directive specifically requires notification for breaches of regulations and incidents compromising customer data security, integrity, or confidentiality. Insurers are instructed to contact their designated liaison officer for further clarification regarding these reporting obligations.
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