Regulatory Alerts2019-06-03
Added
Notice 622A Appointment of Chief Executives of Branches of Banks Incorporated Outside Singapore
The Monetary Authority of Singapore issued Notice 622A to establish fit and proper criteria and corporate governance requirements for the appointment of chief and deputy chief executives at branches of banks incorporated outside Singapore. This regulatory notice applied specifically to full and wholesale bank branches operating under the Banking Act. The document was officially cancelled with effect from 03 June 2019, removing these specific requirements from the regulatory framework.
Notices
Last Revised Date: 03 June 2019
Notice 622A Appointment of Chief Executives of Branches of Banks Incorporated Outside Singapore [Cancelled]
Requirements for banks incorporated outside Singapore on the appointment of chief executive and deputy chief executive. This notice was cancelled with effect from 03 June 2019.
Fit and Proper Criteria
Corporate Governance
Issued pursuant to:
Banking Act (Cap. 19) section 55
Applies to:
Full Bank (Branch)
,
Wholesale Bank (Branch)
View Notice
Notice 622A Appointment of Chief Executives of Branches of Banks Incorporated Outside Singapore [Cancelled]
(279.2 KB)
Please refer to section 53A(2)(a) of the Banking Act (Cap. 19)
for the appointment of chief executive officers and deputy chief executive officers of banks incorporated outside Singapore.
03 Jun 2019 MAS Notice 622A dated 06 Jun 2007 (56.3 KB) is cancelled.
11 Jun 2007 MAS Notice 622A dated 06 Jun 2007 takes effect.
11 Jun 2007 MAS Notice 622A dated 17 Jul 1999 is cancelled.
Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.