The Monetary Authority of Singapore has issued a consultation paper proposing amendments to MAS Notice FHC-N133, which sets the valuation and capital framework for designated financial holding companies that are licensed insurers. The proposals focus on changes to the group capital framework under the existing valuation and capital requirements in MAS Notice FHC-N133. The consultation ran from 24 July 2025 to 25 August 2025 and is now closed.