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.
Notices
Last Revised Date: 19 August 2024
Notice FHC-N609 on Auditors’ Reports and Additional Information to be Submitted with Annual Accounts
Requirements for designated financial holding companies with a subsidiary that is a bank incorporated in Singapore to submit external auditors’ reports and additional information, and annual financial statements.
Financial Statements
Issued pursuant to:
Financial Holding Companies Act 2013 (FHC Act) sections 3(1), 39(4)(c) and 39(5)
Applies to:
Financial Holding Company (Banking)
View Notice
Notice FHC-N609 on Auditors’ Reports and Additional Information to be Submitted with Annual Accounts
(191.4 KB)
This notice applies to all designated financial holding companies with a subsidiary that is a bank incorporated in Singapore and their external auditors. It sets out the requirements on:
Types of audit reports and financial statements to be submitted.
Content and format of such reports.
Reporting timeframe.
19 August 2024
MAS Notice FHC-N609 effective 20 Aug 2024 (191.4 KB)
MAS Notice FHC N609 Amendment 2024 (201.2 KB) takes effect 20 Aug 2024.
01 July 2022
Notice FHC-N609 on Auditors’ Reports and Additional Information to be Submitted with Annual Accounts (568.4 KB) takes effect.
Requirements for banks to submit external auditors' reports and additional information, and annual financial statements.