To respond to the feedback received on the consultation paper on MAS' proposed changed to the Notice 122.
- Consultation number:
- P017 - 2021
- Start date:
- 05 November 2021
- Closing date:
- 06 December 2021
- MAS response date:
- 27 May 2022
Requirements and standards in relation to disclosure, investment guidelines, borrowing limits and operational practices for investment-linked policies.
This notice applies to all direct life and composite insurers who offer participating policies.
It sets out:
• mandatory requirements on notifications to MAS, valuation of units, audit of ILP sub-funds, disclosures, and other operational practices; and
• non-mandatory standards on investment guidelines, borrowing limits, valuation errors and compensation, and other operational practices.