SIN MAS Recovery, Resolution Planning

On Jun. 27, SIN MAS amended notice 134 re designated FHCs.

  • SIN MAS updated Notice 134 on Recovery and resolution planning, to include DFHCs.
  • Published Recovery and resolution planning amendment 2024, amendments marked up.
  • Follows SIN GVT May 2024 commenced phase 2A of FSMA (SIN), see #211444.
  • Amendments
  • Revised text throughout the document to include designated financial holding company (DFHC) (licensed insurer), which is a designated financial holding company that has a subsidiary that is a licensed insurer incorporated, formed or established in Singapore.
  • Effectiveness
  • The amended notice takes effect from Jan. 1, 2025.

Regulators SIN MAS
Entity Types IHC; Ins
Reference RN, 6/27/2024: Citation: Notice 134;
Functions Compliance; Financial; Operations; Reporting; Resolution; Risk
Countries Singapore
Category
State
Products Insurance; Securities
Regions AP
Rule Type Final
Rule Date 6/27/2024
Effective Date 1/1/2025
Rule Id 217502
Linked to Rule :211444
Reg. Last Update 6/27/2024
Report Section International

Last substantive update on 07/02/2024