Regulatory Alerts2024-12-12
Added
Response to Feedback on Consultation on Proposed Amendments to Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024
The Monetary Authority of Singapore issued this circular to confirm that no objections were received regarding proposed amendments to the Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024. These amendments, effective from 31 December 2024, require Designated Financial Holding Companies and Licensed Insurers to ensure eligible instrument contracts contain specific provisions and comply with associated disclosure requirements. The regulator emphasized strict adherence to regulations 30 and 31 of the FSM Regulations governing these instruments.
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