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.
Notices
Last Revised Date: 21 December 2020
Notice 608 Disclosure in Financial Statements
Covers disclosure requirements in relation to a bank's financial statements.
Financial Statements
Issued pursuant to:
Banking Act (Cap. 19) section 55(1)
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 608 Disclosure in Financial Statements
(120.6 KB)
This notice applies to all banks in Singapore. It sets out certain disclosure requirements by MAS on banks' financial statements, in addition to those specified in the Companies Act (Cap.50) and Singapore Financial Reporting Standards.
21 December 2020 MAS Notice 608 (Amendment) 2020 (135.2 KB) takes effect from 22 December 2020.
01 March 2006 MAS Notice 608 dated 01 March 2006 takes effect.
01 March 2006 MAS Notice 608 dated 11 November 2002 is cancelled.
Covers information that all banks in Singapore are required to include in their publication of annual financial statements.
Covers financial statement disclosure requirements in relation to designated financial holding companies with a subsidiary that is a bank incorporated in Singapore