Regulatory Alerts2022-12-19
Added
PPD 11/2022: Final Basel III Reforms in Singapore – Reporting Schedules and Implementation Timeline
The Monetary Authority of Singapore (MAS) has issued Prudential Policy Directive 11/2022 to establish the reporting schedules and implementation timeline for the final Basel III reforms in Singapore. MAS has deferred the full implementation of these reforms to a period between 1 January 2024 and 1 January 2025 to allow banks sufficient time to update their systems for regulatory reporting via the Data Collection Gateway. Banks are required to complete the implementation of the Version 1.0 submission pack by mid-March 2023 to participate in testing, with MAS finalizing the specific go-live date by 1 July 2023.
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