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New MAS Notice 124 on public disclosure requirements: insurers to comply for accounting periods or financial years on or after 1 January 2013

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • April 25 2013

On 1 April 2013, the Monetary Authority of Singapore (the "MAS") issued a new MAS Notice 124 on an insurer's public disclosure requirements

Insurance (Corporate Governance) Regulations 2013 and revised MAS guidelines on corporate governance: new requirements for insurers

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • April 25 2013

The Insurance (Corporate Governance) Regulations 2013 (the "Regulations") have been gazetted on 3 April 2013 and are effective from 4 April 2013

New MAS Notice 125 on Investments of Insurers and MAS Notice 126 on Enterprise Risk Management for Insurers in force from 1 January 2014

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • April 25 2013

On 2 April 2013, the Monetary Authortiy of Singapore (the "MAS") issued two new notices namely MAS Notice 125 on Investments of Insurers ("MAS Notice

MAS issues Guidelines on Use of Internal Models for Liability and Capital Requirements for Life Insurance Products Containing Investment Guarantees with Non-Linear Payouts

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • April 25 2013

On 1 April 2013, the Monetary Authority of Singapore ("MAS") issued the Guidelines on Use of Internal Models for Liability and Capital Requirements

Insurance (Amendment) Bill 2013 passed in Parliament: enhancing MAS supervisory power, aligning Insurance Act with other MAS administered Acts

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • March 27 2013

The Insurance (Amendment) Bill 2013 (the "Bill") has been passed in Parliament on 15 March 2013, but has yet to come into force

MOM issues response to feedback to consultation paper on proposed amendments to Employment Act

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • March 27 2013

On 14 March 2013, the Ministry of Manpower ("MOM") issued its response (the "Response") to the feedback received on its public consultation paper on

MAS issues response to feedback from Consultation Paper on Proposed Revision to the Definition of "Singapore Policy" and "Trade Credit Insurer"

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • February 27 2013

On 29 January 2013, the Monetary Authority of Singapore (the "MAS") issued its Response to the Consultation Paper on Proposed Revision to the

MAS issues consultation papers on (1) "Review of Requiremennts on Investment Activities of Insurers" and (2) "Enterprise Risk Management for Insurers"

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • February 27 2013

On 23 January 2013, the Monetary Authority of Singapore (the "MAS") released two consultation papers entitled "The Review of Requirements on

Insurance (Amendment) Bill 2013 introduced in Parliament: enhancing MAS supervisory power, redefining "carrying on insurance business"

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • February 27 2013

The Insurance (Amendment) Bill 2013 (the "Bill") was introduced in Parliament on 4 February 2012

MAS issues consultation paper on "Proposed Public Disclosure Requirements for Insurers"

  • Allen & Gledhill LLP
  • -
  • Singapore
  • -
  • February 27 2013

On 1 February 2013, the Monetary Authority of Singapore (the "MAS") issued a consultation paper on "Proposed Public Disclosure Requirements for