This Compliance Toolkit is to guide and facilitate insurance brokers’ compliance with the various MAS approval and reporting requirements and timelines.

Informs insurers, registered and exempt insurance brokers on MAS' response to the feedback on consultation on amendments to the Insurance Act 1966 and the Insurance (Intermediaries) Regulations.

This consultation paper sets out the proposed amendments to the Insurance Act 1966 and the Insurance (Intermediaries) Regulations, which take into account regulatory and market developments, as well as align where appropriate, the regulatory framework for insurance with that of other financial activities regulated by MAS.

Consultation number:

P012 - 2022

Start date:

04 November 2022

Closing date:

13 January 2023

MAS response date:

20 March 2024

Guidelines on the criteria and procedures for registration as an insurance broker.

Sets out the approval criteria and conduct requirements for approved Marine Aviation and Transit (MAT) insurance brokers and approved reinsurance brokers.