Regulatory Alerts2019-03-13
Added
Response to Feedback on Proposed Enhancements to Disclosure Requirements for Sale of Investment-Linked Policies
The Monetary Authority of Singapore issued this circular to publish its response to feedback received on the June 2015 consultation paper regarding proposed enhancements to disclosure requirements for the sale of investment-linked policies. The document serves as an official notification to chief executives of all direct life and composite insurers, directing them to access the full response and consultation papers via a provided URL. It formally concludes the feedback phase of the regulatory review process concerning insurance product disclosures.
Circular No. ID 03/19 13 March 2019 To Chief Executives All Direct Life and Composite Insurers Dear Sir/Madam CONSULTATION ON PROPOSED ENHANCEMENTS TO DISCLOSURE REQUIREMENTS FOR SALE OF INVESTMENT-LINKED POLICIES
- RESPONSE TO FEEDBACK RECEIVED MAS has on 13 March 2019 published its response to feedback received on its consultation paper dated 26 June 2015. The response paper and the consultation paper can be accessed at the following URL: http://www.mas.gov.sg/News-and-Publications/Consultation-Paper/2015/ConsultationPaper-on-Proposed-Enhancements-to-Disclosure-Requirements-for-Sale-of-ILP.aspx. 2 Thank you. Yours faithfully [sent via MASNET] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT