Regulatory Alerts2021-06-28
Added
MAS Notice 1001 Definition of Capital Funds and Head Office Capital Funds
The Monetary Authority of Singapore issues Notice 1001 to define capital funds and head office capital funds for all merchant banks. This regulation establishes the minimum paid-up capital and minimum capital funds requirements applicable to locally incorporated merchant banks and their branches. It supersedes previous notices and specifically addresses requirements for banks and merchant banks operating an Asian Currency Unit.
Notices
Last Revised Date: 28 June 2021
Notice 1001 Definition of Capital Funds and Head Office Capital Funds
Definition of "capital funds" and "head office capital funds" for merchant banks.
Capital Adequacy
Issued pursuant to:
Banking Act (Cap. 19) section 2(1) and section 55T(11)
Applies to:
Merchant Bank (Locally Incorporated)
,
Merchant Bank (Branch)
View Notice
Notice 1001 Definition of Capital Funds and Head Office Capital Funds
(412.3 KB)
This notice applies to all merchant banks. It sets out definitions for the terms "capital funds" and "head office capital funds".
01 Jul 2021 MAS Notice 1001 dated 28 June 2021 takes effect.
01 Jul 2021 MAS Notice 1001 dated 15 December 2011 (last revised 22 January 2018) (149.2 KB) is cancelled .
22 Jan 2018
MAS Notice 1001 (Amendment) 2018 (202.5 KB) takes effect.
01 Apr 2012 MAS Notice 1001 dated 15 December 2011 takes effect.
01 Apr 2012 MAS Notice 1001 dated 1 November 1985 is cancelled.
Sets out the minimum paid-up capital and minimum capital funds of a merchant bank.
Requirements for banks and merchant banks operating an Asian Currency Unit.