In forceAmendedAs enactedCurrent version · As enactedSee versions on Singapore Statutes Online(opens the publisher’s site)
Insurance (General Provisions and Exemptions for Special Purpose Reinsurance Vehicles) Regulations 2018 · As enacted · Part 2 · Financial Requirement Before Licensing, Fund Solvency Requirement and Capital Adequacy Requirement
3. Financial requirement
Feedback & supportAmended
Last amended by an amending law of 2023.
For the purposes of section 11(3)(b) of the Act, the financial requirement that an applicant as an SPRV must satisfy is that the applicant must have a paid‑up ordinary share capital (or its equivalent recognised by the Authority as applicable to the applicant under the laws of the country or territory in which the applicant is incorporated, formed or established) of at least $1.