Notice 1111 Risk Based Capital Adequacy Requirements for Merchant Banks Incorporated in Singapore
Risk-based capital adequacy requirements for reporting merchant banks incorporated in Singapore.
Notices
Notice 1018 Private Equity and Venture Capital Investments
Requirements for merchant banks holding private equity and venture capital investments.
Issued pursuant to:
Banking Act (Cap. 19) section 55
This notice applies to all merchant banks in Singapore that hold private equity and venture capital (PE/VC) investments. It sets out the requirements on PE/VC investments which merchant banks must comply with, including:
• Duration and valuation of PE/VC investments.
• Involvement in management of investees.
• Risk management policy for PE/VC investments.
• Qualifications for merchant bank employees handling PE/VC investment activities.
• Internal approval and monitoring process for each PE/VC investment.
• Reporting PE/VC policies and activities to MAS.
Amendment Notes
There are no amendment notes for this notice.