Regulatory Alerts2024-08-19
Added
Notice FHC-N609 on Auditors’ Reports and Additional Information to be Submitted with Annual Accounts
The Monetary Authority of Singapore issued Notice FHC-N609 to establish requirements for designated financial holding companies with Singapore-incorporated bank subsidiaries and their external auditors. The notice specifies the types of audit reports and financial statements that must be submitted, along with their required content, format, and reporting timeframes. This regulatory guidance applies to entities subject to the Financial Holding Companies Act 2013 and became effective on 20 August 2024.
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