Regulatory Alerts2023-09-21
Added · Updated
Response to Public Consultation on Proposed Framework for Systemically Important Insurers in Singapore
The Monetary Authority of Singapore (MAS) announces the implementation of the Domestic Systemically Important Insurers (D-SII) framework following a public consultation. MAS confirms it will adopt the proposed framework as originally outlined, having carefully considered feedback from industry respondents. The framework takes effect on 1 January 2024, coinciding with the publication of the inaugural list of designated D-SIIs on the MAS website.