Notice 1007 Appointment of External Auditors

Requirements for all merchant banks on the annual appointment of auditors.

Appointment of Auditors

Issued pursuant to:

Banking Act (Cap. 19) section 55(1) and section 58

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

View Notice Notice 1007 Appointment of External Auditors (540.9 KB)

This notice sets out the requirements for all merchant banks in Singapore to seek MAS’ approval to appoint or re-appoint an auditor annually to carry out the duties specified in section 58 of the Banking Act.

01 Jul 2021: MAS Notice 1007 dated 29 June 2021 takes effect.
01 Jul 2021: MAS Notice 1007 dated 1 November 1985 (81 KB) is cancelled .

Directives

Last Revised Date: 01 July 2021

Directive 13 Auditing [Cancelled]

Requirements for merchant banks on the annual appointment of auditors.

Appointment of Auditors
Acts

Published Date: 30 December 1999

Monetary Authority of Singapore Act 1970

Establishes the Monetary Authority of Singapore (MAS) and gives it the authority to regulate the financial services sector in Singapore.

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