Regulatory Alerts2025-12-08
Added
Update to Notice 133 and Notice FHC-N133 on Additional Criteria for Additional Tier 1 and Tier 2 Capital Instruments for Insurers
The Monetary Authority of Singapore updates Notice 133 and Notice FHC-N133 to recognize capital instruments issued by locally-incorporated insurers as Additional Tier 1 or Tier 2 Capital under the RBC 2 framework. This regulatory change permits such instruments to be counted towards capital requirements, provided they are sold exclusively to non-retail investors in Singapore. The updated notices and their associated amendment notes take effect on 1 January 2026.
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