Regulatory Alerts2022-06-29
Added
Notice FHC-N608 on Disclosure in Financial Statements
The Monetary Authority of Singapore issued Notice FHC-N608 to establish specific disclosure requirements for designated financial holding companies with a Singapore-incorporated bank subsidiary. This notice supplements the financial statement obligations mandated by the Companies Act and its prescribed Accounting Standards. The regulatory requirements take effect on 01 July 2022.
Notices
Published Date: 29 June 2022
Notice FHC-N608 on Disclosure in Financial Statements
Covers financial statement disclosure requirements in relation to designated financial holding companies with a subsidiary that is a bank incorporated in Singapore.
Financial Statements
Issued pursuant to:
Financial Holding Companies Act 2013 (FHC Act) section 60(1)
Applies to:
Financial Holding Company (Banking)
View Notice
Notice FHC-N608 on Disclosure in Financial Statements
(498.3 KB)
This notice applies to all designated financial holding companies with a subsidiary that is a bank incorporated in Singapore
(DFHC (Bank)). It sets out certain disclosure requirements by MAS on DFHC (Bank)’s financial statements, in addition to the requirements relating to financial statements as specified in the Companies Act, including Accounting Standards prescribed under the Companies Act.
01 July 2022
Notice FHC-N608 on Disclosure in Financial Statements (498.3 KB) takes effect.
Covers disclosure requirements in relation to a bank's financial statements.