Regulatory Alerts2022-06-29
Added
MAS Notice FHC-N601 on Capital Funds
The Monetary Authority of Singapore issued Notice FHC-N601 to establish the definition of capital funds for designated financial holding companies. This regulatory instrument applies to both banking and insurance financial holding companies in Singapore. The notice takes effect on 01 July 2022 and mandates adherence to the specified capital fund definitions under the Financial Holding Companies Act 2013.
Notices
Published Date: 29 June 2022
Notice FHC-N601 on Capital Funds
Sets out the definition of “Capital Funds” for Financial Holding Companies.
Capital Adequacy
Issued pursuant to: Financial Holding Companies Act 2013 section 2
.
Applies to:
Financial Holding Company (Banking)
,
Financial Holding Company (Insurance)
View Notice
Notice FHC-N601 on Capital Funds
(118.7 KB)
This notice applies to all designated financial holding companies (FHCs) in Singapore. It sets out the definition of "capital funds" which designated FHCs must adhere to.
01 July 2022
MAS Notice FHC-N601 (118.7 KB) takes effect.
Requirements for designated financial holding companies.