---
id: sgobs.economy.insurance.mas-notice-133.mcr-var.2026
kind: observation
title: "MAS Notice 133 minimum capital requirement calibration"
url: https://ik.sg/en/knowledge/observation/sgobs.economy.insurance.mas-notice-133.mcr-var.2026
language: en
evidence_status: final
collection_as_of: 2026-10-16
---

# MAS Notice 133 minimum capital requirement calibration

MCR is the lower supervisory intervention level, set at 50% of PCR.

## Record details

- **Value type:** threshold
- **Unit:** percent
- **Value:** 90
- **Status:** final
- **Source revision:** MAS Notice 133 PDF dated 8 December 2025
- **Metric:** mcr var (`sgmetric.economy.insurance.mas-notice-133.mcr-var`)
- **Dataset:** [Insurance Regulation and Protection Anchors](https://ik.sg/en/knowledge/dataset/sgkb.data.insurance-regulation-anchors)
- **Population:** Licensed insurers subject to MAS Notice 133, including direct insurers, reinsurers and captives
- **Applies from:** 2026-01-01
- **Denominator:** 90% value-at-risk over one year for minimum capital requirements under MAS Notice 133
- **Geography:** [Singapore](https://ik.sg/en/knowledge/geography/sg.geo.country.singapore)
- **Published:** 2025-12-08
- **Reference period:** MAS Notice 133 as amended by 2025 amendments, effective 1 January 2026; MAS page accessed 14 October 2026

## Sources

- [https://www.mas.gov.sg/-/media/mas-media-library/regulation/notices/id/notice-133/mas-notice-133_8-dec-2025.pdf](https://www.mas.gov.sg/-/media/mas-media-library/regulation/notices/id/notice-133/mas-notice-133_8-dec-2025.pdf) — Accessed 2026-10-14

## Explore connections

- Datasets: [Insurance Regulation and Protection Anchors](https://ik.sg/en/knowledge/dataset/sgkb.data.insurance-regulation-anchors)
- Topics: [Insurance regulation and supervision](https://ik.sg/en/knowledge/topic/sgtopic.economy.insurance-regulation)
- Places: [Singapore](https://ik.sg/en/knowledge/geography/sg.geo.country.singapore)

Dates describe this record’s own period and applicability. A verification date does not mean a rule is currently in force. An expanding collection. Published counts show available knowledge, not complete coverage of Singapore.