Regulatory Alerts2023-12-28
Added
Notice DIA-N01 Deposit Insurance Returns
The Monetary Authority of Singapore issued Notice DIA-N01 to mandate that Deposit Insurance Scheme members submit returns regarding their asset maintenance ratio and insured deposit base. This regulatory requirement applies to full banks and finance companies to ensure compliance with asset maintenance standards. The notice outlines the specific methods for determining premium contributions and compensation payments under the scheme.
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