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Banking Act

(Chapter 19 Sections 25 and 78)

Banking (Publication of Accounts) Regulations
Revised Edition 1993

[15 Oct 1993]


CONTENTS 

Regulation 1 Citation
Regulation 2 Definition.
Regulation 3 Publication of accounts in newspapers.


Citation.
1. These Regulations may be cited as the Banking (Publication of Accounts) Regulations.

Definition.
2. In these Regulations, ?individual? means a single natural person.

Publication of accounts in newspapers.
3. The annual balance-sheet, profit and loss account and other information which a bank is required to publish under section 25 (2) and (3) shall ?

(a) in the case of a bank which has accepted during the financial year to which those statements relate any interest-bearing deposit of less than $250,000 in Singapore dollars from any individual resident in Singapore (except from directors and employees of the bank), be published in at least 4 local daily newspapers, one each published in the Malay, Chinese, Tamil and English language; and

(b) in the case of any other bank, be published in at least one local English language daily newspaper.

 
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Last modified on 19/3/2007