Regulatory Alerts2021-06-11
Added
MAS Notice 601 Capital Funds and Head Office Capital Funds
The Monetary Authority of Singapore issued Notice 601 to define the terms 'capital funds' and 'head office capital funds' for all banks operating in Singapore. This regulatory notice establishes the specific definitions that banks must adhere to in order to comply with the Banking Act. The document outlines the effective dates of the original notice and subsequent amendments from 2001 through 2021.
Notices
Last Revised Date: 11 June 2021
Defines the terms "capital funds" and "head office capital funds".
Capital Adequacy
Issued pursuant to:
Banking Act (Cap. 19) section 2
and section 9
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 601 Capital Funds and Head Office Capital Funds
(419.3 KB)
This notice applies to all banks in Singapore. It sets out the definitions for the terms "capital funds" and "head office capital funds," which banks must adhere to.
1 Jul 2021 MAS Notice 601 (Amendment) 2021 (498.4 KB) takes effect.
22 Jan 2018
MAS Notice 601 (Amendment) 2018 (223.9 KB) takes effect. For banks with annual periods commencing after 22 January, the notice takes effect from the day on which that annual period commences in 2018.
11 Jun 2007 MAS Notice 601 dated 6 June 2007 takes effect.
11 Jun 2007 MAS Notice 601 dated 18 July 2001 is cancelled.