Singapore to reduce investment reporting & disclosure rules for ILS issuers

ARTEMIS: In aiming to make its insurance-linked securities (ILS) regulatory environment as appealing as possible, the government of Singapore is listening to market participants and enhancing rules surrounding ILS and catastrophe bond issuance structures, to reduce friction for sponsors and other parties involved in transactions.

Ever since the start of Singapore’s journey into insurance-linked securities (ILS), the country’s Monetary Authority has promised to listen to the industry and work to update its offering for ILS issuance, to meet sponsor and investor needs.

In a recent move, the Monetary Authority of Singapore (MAS) has proposed to reduce friction around the reporting and disclosure requirements of special purpose reinsurance vehicles (SPRV’s), as it looks to reduce operational friction involved with domiciling a catastrophe bond or other ILS and collateralised reinsurance arrangement in the country.

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