The Monetary Authority of Singapore (MAS) is seeking feedback on policy proposals for a new corporate structure, the protected cell company (PCC). The consultation opened on 7 July 2026 and will close on 7 August 2026.
The PCC will be a single corporate vehicle with assets and liabilities statutorily segregated within the entity, allowing multiple insurance solutions to be managed independently within one structure, avoiding the separate incorporation and duplicated overheads of traditional standalone entities. It will be available to MAS-licensed entities carrying out captive insurance, insurance-linked securities, and sovereign risk pools. This framework will be introduced through a new PCC Act, which MAS will administer.
In this update, our Head of Financial Services Group Hui Choon Yuen, Head of Asset Management & Funds Low Kah Keong, and Partners Alvin Chua and Felicia Ng highlight the key features of the proposed PCC framework and what MAS is consulting on.
To view our update, please click here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
HUI Choon Yuen
Head – Financial Services Group
Head – Insurance and Debt Capital Markets
d +65 6416 8204
e choonyuen.hui@wongpartnership.com
Click here to view Choon Yuen’s CV.
LOW Kah Keong
Head – Asset Management & Funds
d +65 6416 8209
e kahkeong.low@wongpartnership.com
Click here to view Kah Keong’s CV.
Alvin CHUA
Partner – Insurance and Debt Capital Markets
d +65 6416 2531
e alvin.chua@wongpartnership.com
Click here to view Alvin’s CV.
Felicia NG
Partner – Asset Management & Funds
d +65 6416 8203
e felicia.ng@wongpartnership.com
Click here to view Felicia’s CV.