Regulatory Compliance Updates July 2022 – APAC Region
28 July 2022 – CFC 02/2022 Disclosure and Reporting Guidelines for Retail ESG Funds
This Circular sets out MAS’ expectations on how existing requirements under the Code on Collective Investment Schemes and the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations apply to retail ESG funds, and the disclosure and reporting guidelines applicable to these funds.
To view the circular, please click here.
28 July 2022 – Notice 637 Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore
Risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
To view the updated notice, please click here.
20 July 2022 – Notice 606 Provision for and Writing Off of Bad Debts [Cancelled with effect from 21 July 2022]
Requirements for all banks in Singapore when making provisions for and writing off bad debts.
To view more details, please click here.
20 July 2022 – Notice 814 Provision for and Writing Off of Bad Debts [Cancelled with effect from 21 July 2022]
Requirements for all finance companies on the provision for and writing off of bad debts.
To view more details, please click here.
15 July 2022 – Court convicts Ms Lee Ying Hui for carrying on fund management without a capital markets services licence
On 15 July 2022, Ms Lee Ying Hui (Lee) was today convicted and fined $20,000 for carrying out fund management business without a capital markets services licence.
To view more details, please click here.
07 July 2022 – Notice 501 Quarterly Statement on Ageing of Premiums Owing to Insurers [Cancelled]
This notice was cancelled with effect from 7 July 2022.
To view more details, please click here.
01 July 2022 – Guidelines on the application of banking regulations to Islamic banking
Guidelines for all financial institutions covering MAS’ general approach to Islamic banking regulations.
To view the guidelines, please click here.
To learn more about these changes, contact our APAC Compliance Solutions team today.
