Regulatory Alerts2021-12-02
Added
Notice 832 Risk Based Capital Adequacy Requirements for Finance Companies Incorporated in Singapore
The Monetary Authority of Singapore issued Notice 832 to establish risk-based capital adequacy requirements for all reporting finance companies incorporated in Singapore. The regulation mandates specific capital adequacy and leverage ratio calculations, defines the internal capital adequacy assessment process, and enforces public disclosure standards regarding capital and risk exposures. These requirements are implemented under the Finance Companies Act and have been subject to amendments effective from 2015 through 2021.
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