Section 34 of the Monetary Authority Act grants the Authority the power to issue or amend Rules, Statements of Guidance, and Statements of Principle. Additionally, Section 48 allows for the creation of a Regulatory Handbook, which outlines the Authority's policies and procedures for fulfilling its regulatory and cooperative duties.

Below is an index of measures, including checklists for Rules, Statements of Guidance, Regulatory Policies, Regulatory Procedures, and Forms relevant to the Insurance sector.

Rules

Rules are clear and specific directives issued to licensees on topics deemed crucial by the Authority for the prudent supervision of regulated entities. These rules create binding obligations for all licensees, and violations may result in fines or regulatory action by the Authority under the applicable regulatory acts.

Statement of Guidance ("SOG")

Statements of Guidance provide assistance to licensees in complying with relevant acts, regulations, rules, and principles, or in establishing standards for business conduct. These guidelines offer recommendations on operational practices and serve as a benchmark against which the Authority assesses licensee compliance.

Regulatory Policy

Regulatory Policies consist of principles, criteria, or approaches that guide the Authority in making decisions and carrying out its regulatory and cooperative functions.

Regulatory Procedure

Regulatory Procedures outline the specific actions, activities, or tasks the Authority undertakes in the course of performing its regulatory and cooperative responsibilities.

Note: The following items marked with NEW have been recently added or updated.