Regulatory Alerts2024-08-19
Added
MAS Notice 609: Auditors' Reports and Additional Information to be Submitted with Annual Accounts
The Monetary Authority of Singapore issued Notice 609 to establish requirements for banks and their external auditors regarding the submission of annual financial statements. The notice specifies the types of audit reports and financial statements to be submitted, along with their required content, format, and reporting timeframes. These regulations apply to full banks, wholesale banks, and designated financial holding companies with banking subsidiaries in Singapore.
Notices
Last Revised Date: 19 August 2024
Notice 609 Auditors' Reports and Additional Information to be Submitted with Annual Accounts
Requirements for banks to submit external auditors' reports and additional information, and annual financial statements.
Financial Statements
Issued pursuant to:
Banking Act (Cap. 19) section 26
and section 58
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 609 Auditors' Reports and Additional Information to be Submitted with Annual Accounts
(226.2 KB)
This notice applies to all banks and their external auditors. It sets out the requirements on:
Types of audit reports and financial statements to be submitted.
Content and format of such reports.
Reporting timeframe.
19 Aug 2024 MAS Notice 609 (Amendment) 2024 (225.5 KB) takes effect from 20 Aug 2024.
28 Dec 2023 MAS Notice 609 (Amendment) 2023 (148.4 KB) takes effect.
29 Mar 2019 MAS Notice 609 (Amendment) 2019 (375.5 KB) takes effect.
24 Dec 2018 MAS Notice 609 (Amendment) 2018 (464.3 KB) takes effect.
30 Jun 2016 MAS Notice 609 dated 30 June 2016 takes effect. 30 Jun 2016 MAS Notice 609 dated 24 December 2014 is cancelled.
Risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
Requirements for designated financial holding companies with a subsidiary that is a bank incorporated in Singapore to submit external auditors’ reports and additional information, and annual financial statements.
Risk based capital adequacy requirements for financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking designated financial holding companies (predominantly banking DFHCs).