Regulatory Alerts2024-03-21
Added
Response to Feedback - Consultation Paper on Amendments to the Insurance Act and the Insurance (Intermediaries) Regulations
The Monetary Authority of Singapore issued this circular to acknowledge and respond to stakeholder feedback received on its November 2022 consultation regarding proposed amendments to the Insurance Act 1966 and the Insurance (Intermediaries) Regulations. The regulator confirmed that it has carefully considered the submissions and will incorporate appropriate feedback into the upcoming Insurance (Amendment) Bill and the revised regulations. While the specific amendment wordings will be consulted on at a later stage, the full response document is currently available on the MAS website for public reference.
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