ID 10/26 MAS Response to the Consultation Paper on Changes to the Group Capital Framework for Designated Financial Holding Companies (Licensed Insurer)

Informs insurers on the issuance of the Response to Consultation Paper on the proposed changes to MAS Notice FHC-N133 on Valuation and Capital Framework for Designated Financial Holding Companies (Licensed Insurer).

Valuation and Capital

Applies to: Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite) , Reinsurer (Life) , Reinsurer (General) , Reinsurer (Composite) , Financial Holding Company (Insurance)

View Document ID 10/26 MAS Response to the Consultation Paper on Changes to the Group Capital Framework for Designated Financial Holding Companies (Licensed Insurer) (83.1 KB)

Notices

Last Revised Date: 16 March 2026

Notice FHC-N133 on Valuation and Capital Framework for Designated Financial Holding Companies (Licensed Insurer)

Notice FHC-N133 sets out the valuation and capital requirements for a Designated Financial Holding Company (Licensed Insurer) based on the enhanced valuation and capital framework (“RBC 2”) consolidation approach.

Valuation and Capital
Consultations

Published Date: 24 July 2025

Consultation Paper on Proposed Changes to the Group Capital Framework for Designated Financial Holding Companies (Licensed Insurer)

This consultation paper sets out the proposed amendments to MAS Notice FHC-N133 on Valuation and Capital Framework for Designated Financial Holding Companies (Licensed Insurer).

Valuation and Capital

Consultation number:

P011-2025

Start date:

24 July 2025

Closing date:

25 August 2025

MAS response date:

04 September 2026

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ID 10/26 MAS Response to the Consultation Paper on Changes to the Group Capital Framework for Designated Financial Holding Companies (Licensed Insurer)