An awaited consultation process on the regulatory framework for a Protected Cell Company (PCC) structure that can be used for collateralised reinsurance arrangements, including sidecars, and efficient insurance-linked securities (ILS) issuance has now been launched by the Monetary Authority of Singapore (MAS).
The Monetary Authority of Singapore (MAS) published the consultation documents today, asking market participants for their input and feedback to the proposed regulatory design for the Protected Cell Company (PCC) structure.
As we’ve explained before, this consultation process is long-awaited, as Singapore has been discussing a regulatory framework and vehicle to support collateralised reinsurance and efficient ILS arrangements for a number of years now.
FULL ORIGINAL PUBLICATION HERE