Circulars
ID 11/21 Consequential Amendments To Notices Arising From The Banking (Amendment) Act 2020
Informs insurers of the consequential amendments as well as other amendments to certain Notices arising from the Banking (Amendment) Act 2020.
Merchant banks are currently approved under the MAS Act. The Banking (Amendment) Act 2020 introduced a new licensing framework for merchant banks (MB) in the Banking Act. As certain Notices make reference to MB, consequential amendments and other amendments had to be made to these Notices.
Related to this Item
-
NoticesLast Revised Date: 19 December 2022
Notice 133 Valuation and Capital Framework for Insurers
Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.
-
NoticesLast Revised Date: 01 March 2022
Notice 314 Prevention of Money Laundering and Countering the Financing of Terrorism – Life Insurers
Requirements for direct life insurers to exercise due diligence and conduct their business with high ethical standards, to guard against money laundering and terrorism financing.
-
NoticesLast Revised Date: 28 October 2021
MAS Notice 211 - Minimum and Best Practice Training and Competency Standards for Direct General Insurers
Requirements and best practice standards for direct general insurers in relation to training and competency for their insurance agents and other relevant persons.
-
ConsultationsLast Revised Date: 30 June 2021
Consultation Paper on Proposed Amendments to Regulations, Notices and Guidelines Arising from the Banking (Amendment) Act 2020 and Other Changes
This consultation paper sets out the remaining amendments to Regulations, Notices and Guidelines for the rest of the Banking (Amendment) Act 2020 (BAA) that have not yet commenced.
- Consultation number:
- P010-2020
- Start date:
- 02 December 2020
- Closing date:
- 15 January 2021
- MAS response date:
- 30 June 2021
- Status:
- Responded
-
NoticesLast Revised Date: 28 June 2021
Notice 307 Investment-Linked Policies
Requirements and standards in relation to disclosure, investment guidelines, borrowing limits and operational practices for investment-linked policies.
-
NoticesLast Revised Date: 28 June 2021
Notice 109 Lending of Singapore Dollar to Non-Resident Financial Institutions
Governs the lending of S$ by insurers (except captive insurers) to non-resident financial institutions, including requirements for submitting monthly returns.
-
NoticesLast Revised Date: 28 June 2021
Notice IA/PP-N03.1 Insurance Deposits
Specifies the insurance deposits that approved MAT insurers shall maintain with the Authority.