Regulatory Alerts2021-06-29
Added · Updated
MAS Notice 630 on Private Equity and Venture Capital Investments
Banks in Singapore must not hold direct private equity and venture capital investments for more than 7 years, or indirect investments for 7 to 12 years depending on management status, unless the net book value is deducted from capital funds. The notice defines specific investment types, prohibits banks from participating in the day-to-day management of investees except under extenuating circumstances, and requires the implementation of risk management policies and internal approval processes. Banks must submit investment data to the Monetary Authority of Singapore by the 30th of the month following 30 June and 31 December each year.
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