Insurance (Corporate Governance) Regulations 2013
This Compliance Toolkit is to guide and facilitate special purpose reinsurance vehicles’ compliance with the various MAS approval and reporting requirements and timelines.
Informs locally incorporated insurers on the issuance of the revisions to the Guidelines on corporate governance for designated financial holding companies, banks, direct insurers, reinsurers, and captive insurers which are incorporated in Singapore ("CG Guidelines"), and MAS’ response to the feedback received following the consultation on the CG Guidelines.
This consultation paper sets out MAS’ proposed revisions to the Guidelines on Corporate Governance for Designated Financial Holding Companies, Banks, Direct Insurers, Reinsurers and Captive Insurers which are incorporated in Singapore. MAS is proposing these revisions taking into account international standards and industry good practices.
- Consultation number:
- Start date:
- 07 May 2021
- Closing date:
- 18 June 2021
- MAS response date:
- 09 November 2021
Guidelines on corporate governance for financial institutions incorporated in Singapore.
Requirements and guidelines for licensed insurers on the appointment of director, chairman and key executive person.
Informs insurers of the amendments to MAS Notice 106
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
Informs locally incorporated insurers on the release of the consultation paper on the proposed revisions to the guidelines on corporate governance for designated financial holding companies, banks, direct insurers, reinsurers, and captive insurers which are incorporated in Singapore
Sets out the requirements to submit minutes of Board and Board Committee meetings held during the quarter to MAS and to notify MAS of any event that may have a significant impact on the company, including any breach of regulations administered by other authorities.