Regulatory Alerts2021-09-24
Added · Updated
Notice on Risk Based Capital Adequacy Requirements for Holders of Capital Markets Services Licences
The notice establishes the methodology for calculating financial resources or adjusted net head office funds and total risk requirements for holders of capital markets services licences, excluding those providing only credit rating services or venture capital fund managers. It mandates that these entities maintain financial resources above their total risk requirement and notify the Monetary Authority of Singapore if resources fall below 120% of that requirement. The document defines specific risk components including operational, counterparty, position, underwriting, and large exposure risks, along with detailed calculation methods and definitions for various financial instruments and entities.
More like this from MAS
We email you every new MAS publication the day it's published.