Regulatory Alerts2022-06-29
Added
Notice FHC-N615 on Appointment of Auditors
The Monetary Authority of Singapore issued Notice FHC-N615 to establish requirements for designated financial holding companies with a Singapore-incorporated bank subsidiary. These entities must obtain MAS approval annually to appoint or re-appoint auditors for duties specified in the Financial Holding Companies Act 2013. The notice took effect on 1 July 2022.
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