Regulatory Alerts2020-12-21
Added
MAS Notice 608 Disclosure in Financial Statements
The Monetary Authority of Singapore issued Notice 608 to establish specific disclosure requirements for the financial statements of all banks in Singapore. This regulation mandates additional information beyond the Companies Act and Singapore Financial Reporting Standards, applying to full and wholesale banks as well as designated financial holding companies. The notice was last revised on 21 December 2020, with the MAS Notice 608 (Amendment) 2020 taking effect on 22 December 2020.
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