Notices

Last Revised Date: 28 June 2021

Notice 1001 Definition of Capital Funds and Head Office Capital Funds

Definition of "capital funds" and "head office capital funds" for merchant banks.

Capital Adequacy

Issued pursuant to:

Banking Act (Cap. 19) section 2(1) and section 55T(11)

Applies to: Merchant Bank (Locally Incorporated) , Merchant Bank (Branch)

View Notice Notice 1001 Definition of Capital Funds and Head Office Capital Funds

This notice applies to all merchant banks. It sets out definitions for the terms "capital funds" and "head office capital funds".

01 Jul 2021: MAS Notice 1001 dated 28 June 2021 takes effect.
01 Jul 2021: MAS Notice 1001 dated 15 December 2011 (last revised 22 January 2018) (149.2 KB) is cancelled.
22 Jan 2018: MAS Notice 1001 (Amendment) 2018 (202.5 KB) takes effect.
01 Apr 2012: MAS Notice 1001 dated 15 December 2011 takes effect.
01 Apr 2012: MAS Notice 1001 dated 1 November 1985 is cancelled.

Directives

Published Date: 15 December 2011

Directive 1 Minimum Capital Requirement

Sets out the minimum paid-up capital and minimum capital funds of a merchant bank.

Capital Adequacy
Guidelines

Published Date: 31 July 2008

Asian Currency Unit Terms and Conditions of Operation

Guidelines for operating an Asian Currency Unit at a financial institution in Singapore.

Operations