Regulatory Alerts2026-05-28
Added
Notice FHC-N649 on Minimum Liquid Assets and Liquidity Coverage Ratio
The Monetary Authority of Singapore (MAS) issued Notice FHC-N649, which applies to financial holding companies with a Singapore-incorporated bank subsidiary that are predominantly banking designated financial holding companies (DFHCs). This notice sets out the minimum liquid assets (MLA) requirements and liquidity coverage ratio (LCR) requirements that these FHCs must comply with. It is issued pursuant to sections 34(1) and 38(2) of the Financial Holding Companies Act 2013, ensuring robust liquidity risk management for these entities.
Notices
Last Revised Date: 28 May 2026
Notice FHC-N649 on Minimum Liquid Assets and Liquidity Coverage Ratio
Requirements for financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking designated financial holding companies (predominantly banking DFHCs) on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).
Liquidity Risk
Issued pursuant to: Financial Holding Companies Act 2013 sections 34(1)
and 38(2)
Applies to:
Financial Holding Company (Banking)
View Notice
Notice FHC-N649 on Minimum Liquid Assets and Liquidity Coverage Ratio
(792.8 KB)
This notice applies to all financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking DFHCs (referred to in this Notice as an “FHC”).
It sets out the minimum liquid assets (MLA) requirements and liquidity coverage ratio (LCR) requirements that an FHC has to comply with.
01 September 2026
MAS Notice FHC-N649 (792.8 KB) dated 28 May 2026 and effective 1 September 2026.
MAS Notice FHC-N649 (Amendment) 2026 (803.9 KB) dated 28 May 2026 takes effect.
01 July 2024
MAS Notice FHC-N649 (644.8 KB) dated 16 May 2024 and effective 1 July 2024.
MAS Notice FHC-N649 (Amendment) 2024 (650.8 KB) dated 16 May 2024 takes effect.
01 July 2022
MAS Notice FHC-N649 (603.2 KB) dated 29 June 2022 takes effect.
Form 1 (Assets and Liabilities by Currency and Top Depositors) and Form 2 (LCR, MLA, Cashflows and Available Unencumbered Liquid Assets)
01 September 2026 MAS Notice FHC-N649 Form 1 (198.1 KB) and MAS Notice FHC-N649 Form 2 (1.55 MB) effective 1 September 2026. MAS Notice FHC-N649 Form 2 (Amendment) (1.57 MB) dated 28 May 2026 takes effect.
01 July 2024 MAS Notice FHC-N649 Form 1 (198.1 KB) and MAS Notice FHC-N649 Form 2 (1.6 MB) effective 1 July 2024. MAS Notice FHC-N649 Form 2 (Amendment) (1.6 MB) dated 16 May 2024 takes effect.
01 July 2022 MAS Notice FHC-N649 Form 1 (198.1 KB) and MAS Notice FHC-N649 Form 2 (1.65 MB) effective 1 July 2022.
Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) to disclose information about their net stable funding ratio (NSFR).
Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) to disclose information about their liquidity coverage ratio (LCR), and information relating to their internal liquidity risk measurement and management framework.
Risk based capital adequacy requirements for financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking designated financial holding companies (predominantly banking DFHCs).
Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) on their net stable funding ratio (NSFR).