Issuance of Guidelines to MAS Notice 134 on Recovery and Resolution Planning (“Guidelines To MAS Notice 134”) and Response to Feedback on Consultation Paper.

Guidelines for notified insurers and notified DFHC (Licensed Insurer)s on recovery and resolution planning requirements under MAS Notice 134.

This consultation paper sets out MAS' proposals on the new guidelines for recovery and resolution planning.

Consultation number:

P009-2024

Closing date:

25 October 2024

MAS response date:

26 December 2024

Sets out the requirements on recovery and resolution planning for notified insurers and notified designated financial holding companies that has a subsidiary that is a licensed insurer incorporated, formed or established in Singapore (“DFHC (Licensed Insurer”)).

Informs insurers on the release of the consultation paper on new notice for recovery and resolution planning for insurers and proposed enhancement of resolution powers for the insurance sector.