Monday 13 August 2012

Singapore: MAS proposes changes to the legal framework governing insurers' directors and executives

The Monetary Authority of Singapore has published for consultation proposed changes to the legal framework governing the approval and responsibilities of insurers' directors and the holders of other executive positions: see here (pdf). Amongst other things, there is a proposal to make explicit the power of the MAS to remove a director from holding office in an insurer.

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