Notices
Last Revised Date: 24 June 2022

Notice 1015 Minimum Liquid Assets and Liquidity Coverage Ratio

Requirements for merchant banks to comply with the minimum liquid assets (MLA) or the liquidity coverage ratio (LCR).

Issued pursuant to: Banking Act 1970 sections 55ZG(1) and 65A(2)

This notice applies to all merchant banks in Singapore.

It sets out the minimum liquid assets (MLA) requirements and the liquidity coverage ratio (LCR) requirements that a merchant bank has to comply with.

Amendment Notes

01 Jul 2022
MAS Notice 1015 (Amendment) 2022 (778.7 KB) dated 24 June 2022 takes effect.

28 Sep 2021
MAS Notice 1015 (Amendment) 2021 (149 KB) dated 27 September 2021 takes effect. MAS Notice 1015 (567.6 KB) effective 28 September 2021.

28 Jan 2020
MAS Notice 1015 (Amendment) 2020 (935.2 KB) dated 22 January 2020 takes effect.