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.
Notices
Last Revised Date: 02 December 2021
Risk-based capital adequacy requirements for reporting finance companies incorporated in Singapore.
Capital Adequacy
Issued pursuant to:
Finance Companies Act (Cap. 108) section 7A(2)
and section 30
Applies to:
Finance Company
View Notice
Notice 832 Risk Based Capital Adequacy Requirements for Finance Companies Incorporated in Singapore
(2.08 MB)
This notice applies to all reporting finance companies. It sets out:
The capital adequacy ratio and leverage ratio requirements for a reporting finance company and the methodology and process for calculating these ratios.
Requirements for the internal capital adequacy assessment process of a reporting finance company.
Public disclosure requirements for a reporting finance company in relation to its capital adequacy and risk exposures.
31 Dec 2021 MAS Notice 832 (Amendment) 2021 dated 02 December 2021 (115.2 KB) takes effect.
08 Oct 2018 MAS Notice 832 (Amendment) 2018 dated 05 October 2018 (316.9 KB) takes effect. MAS Notice 832 effective 08 October 2018 (2.85 MB) .
01 Jan 2018 MAS Notice 832 (Amendment) 2017 dated 28 December 2017 (355.1 KB) takes effect. MAS Notice 832 effective 01 January 2018 (2.31 MB) .
01 Jan 2015 MAS Notice 832 dated 31 December 2013 takes effect.