Notices
Notice 106 Appointment of Director, Chairman and Key Executive Person
Requirements and guidelines for licensed insurers on the appointment of director, chairman and key executive person.
Issued pursuant to:
This notice applies to all licensed insurers.
It sets out requirements and guidelines for insurers to:
- Seek MAS' approval for the appointment of any director, chairman or key executive person.
- Notify MAS of any additional directorship or key executive person role taken up by a director or key executive person.
- Notify MAS of additional equivalent roles taken up by the appointed actuary or certifying actuary.
- Ensure that the proposed appointees for the appointment of directors and key executive persons are fit and proper to fulfil their roles and responsibilities.
Amendment Notes
- 18 Apr 2013
- Notice 106 (Amendment) 2013 (215 KB) takes effect.
- 02 Apr 2013
- Notice 106 dated 2 Apr 2013 (139.2 KB) [cancelled with effect from 18 Apr 2013]
Related to this Notice
-
Subsidiary LegislationPublished Date: 19 December 2018
Insurance (Corporate Governance) Regulations 2013
Sets out the corporate governance requirements applicable to all direct insurers and reinsurers incorporated in Singapore (except marine mutual insurers)
-
GuidelinesLast Revised Date: 08 October 2018
Guidelines on Fit and Proper Criteria [FSG-G01]
Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.
-
Subsidiary LegislationPublished Date: 18 April 2013
Insurance (Actuaries) Regulations 2013
Sets out the roles and responsibilities of appointed and certifying actuaries, and MAS' expectations on the appointment process and notification of engagements in equivalent roles in other jurisdictions.
-
GuidelinesPublished Date: 03 April 2013
Guidelines on Corporate Governance
Guidelines on corporate governance for financial institutions incorporated in Singapore.
-
GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Board and Senior Management
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
-
ConsultationsPublished Date: 08 August 2012
Consultation Paper on Legislative Changes Relating to Requirements on Key Executive Persons and Directors for Insurers
- Consultation number:
- P009 - 2012
- Start date:
- 08 August 2012
- Closing date:
- 14 September 2012
- MAS response date:
- 21 May 2013