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.
Notices
Published Date: 29 June 2022
Notice FHC-N615 on Appointment of Auditors
Requirements for designated financial holding companies with a subsidiary that is a bank incorporated in Singapore on the annual appointment of auditors.
Appointment of Auditors
Issued pursuant to:
Financial Holding Companies Act 2013 (FHC Act) sections 39 and 60
Applies to:
Financial Holding Company (Banking)
View Notice
Notice FHC-N615 on Appointment of Auditors
(477.8 KB)
This notice applies to designated financial holding companies with a subsidiary that is a bank incorporated in Singapore (DFHC(Bank)). This notice sets out the requirements for every DFHC(Bank) to seek MAS’ approval to appoint or re-appoint an auditor annually to carry out the duties specified in section 39 (1) of the Financial Holding Companies Act 2013.
01 July 2022
Notice FHC-N615 on Appointment of Auditors (477.8 KB) takes effect.
Requirements for banks on the annual appointment of auditors.