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.
Notices
Last Revised Date: 28 December 2023
Notice DIA-N01 Deposit Insurance Returns
Requirements for scheme members to submit their asset maintenance ratio for deposit insurance.
Deposit Insurance
Issued pursuant to:
Deposit Insurance and Policy Owners' Protection Schemes Act section 84(1)
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Finance Company
View Notice
Notice DIA-N01 Deposit Insurance Returns
(296.7 KB)
This notice applies to Deposit Insurance Scheme members. It sets out the requirements for Scheme members to submit returns relating to their deposit insurance asset maintenance ratio and insured deposit base.
31 Dec 2023 Notice DIA-N01 (Amendment) 2023 (427.3 KB) takes effect.
31 Dec 2018 Notice DIA-N01 (Amendment) 2018 (727.9 KB) takes effect.
01 Jan 2017 Notice DIA-N01 (Amendment) 2016 takes effect. 01 May 2011 Notice DIA–N01 dated 5 January 2006 is cancelled. Notice DIA-N01 (149.5 KB) and Annex A (71.9 KB) dated 1 May 2011 takes effect.
Sets out the requirements on asset maintenance, operational preparedness, maintenance of register and disclosure as well as the method for determination of premium contributions and compensation payment concerning the Deposit Insurance Scheme. The scheme protects depositors in case of a full bank or finance company...