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On 15 July 2016, the Monetary Authority of Singapore (MAS) issued its third Consultation Paper proposing amendments to the Risk-Based Capital (RBC) framework for insurers (Consultation Paper), taking into consideration industry feedback received from the second consultation paper on MAS’ review of the RBC framework (RBC 2) in 2014. The first consultation paper on the roadmap of the RBC 2 review was issued in June 2012.

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