RegAlert

Rule · MAS · 29 Jun 2021

MAS Notice 1013 Disclosure in Financial Statements

disclosure

Merchant Banks in Singapore must disclose the gross aggregate amount of credit facilities classified as sub-standard, doubtful, or loss under MAS Notice 1005 in their financial statements. Foreign-incorporated Merchant Banks must also disclose if their home jurisdiction's regulatory authority requires lower repayment priority for branch depositors compared to home country depositors in the event of receivership or winding up. These requirements take effect on 1 July 2021.

SingaporeMonetary Authority of Singapore

Notices

Last Revised Date: 29 June 2021

Notice 1013 Disclosure in Financial Statements

Covers disclosure requirements in relation to a merchant bank's financial statements.

Financial Statements

Issued pursuant to:

Banking Act (Cap. 19)
section 55(1)

Applies to:

Merchant Bank (Locally Incorporated)

,

Merchant Bank (Branch)

View Notice

Notice 1013 Disclosure in Financial Statements

(564.6 KB)

This notice applies to all merchant banks in Singapore. It sets out certain disclosure requirements by MAS on merchant banks' financial statements, in addition to those specified in the Companies Act (Cap.50) and Singapore Financial Reporting Standards.

01 Jul 2021
MAS Notice 1013 dated 29 June 2021 takes effect.

01 Jul 2021
MAS Notice 1013 dated 1 March 2006 (last revised on 21 December 2020) (110.7 KB) is cancelled

.

22 Dec 2020
MAS Notice 1013 (Amendment) 2020
(125.1 KB) takes effect.

01 Mar 2006
MAS Notice 1013 dated 01 March 2006 takes effect.

01 Mar 2006
MAS Notice 1013 dated 3 March 1999 is cancelled.

Covers minimum information requirements in relation to a merchant bank's financial statements.

Requirements for merchant banks on the annual appointment of auditors.

Establishes the Monetary Authority of Singapore (MAS) and gives it the authority to regulate the financial services sector in Singapore.

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Annotations and obligations
1 obligation · 17 definitions
  • Obligation 1
  • Definition / condition 17
  • background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

MAS Notice 1013Not in RegAlert · 2020MAS Notice 1013 — Not in RegAlert · 2020MAS Notice 1013 dated 1 March 2006(last revised on 21 December 2020)Not in RegAlertMAS Notice 1013 dated 1 March 2006 (last revised on 21 December 2020) — Not in RegAlertMAS Notice 1013 dated 3 March 1999Not in RegAlertMAS Notice 1013 dated 3 March 1999 — Not in RegAlertMAS Notice 1013 Disclosure inFinancial Statements2021-06-29 · this documentMAS Notice 1013 Disclosure in Financial Statements (2021-06-29)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (3)
Supersedes
  • MAS Notice 1013 dated 1 March 2006 (last revised on 21 December 2020)Not in RegAlert

    “MAS Notice 1013 dated 1 March 2006 (last revised on 21 December 2020) is cancelled.”

  • MAS Notice 1013 dated 3 March 1999Not in RegAlert

    “MAS Notice 1013 dated 3 March 1999 is cancelled.”

Amends
  • MAS Notice 1013Not in RegAlert · 2020

    “MAS Notice 1013 (Amendment) 2020 takes effect.”

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