Regulatory Alerts2021-06-29
Added
MAS Notice 1013 Disclosure in Financial Statements
The Monetary Authority of Singapore issued Notice 1013 to establish specific disclosure requirements for the financial statements of all merchant banks in Singapore. This regulation supplements the mandates of the Companies Act and Singapore Financial Reporting Standards by defining minimum information obligations for these institutions. The notice came into effect on 1 July 2021, simultaneously cancelling the previous version of the notice dated 1 March 2006.
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.