Notices
Notice 625 Compliance with Sections 31 and 33 on a Consolidated Basis
Requirements for banks to comply with sections 31 and 33 of the Banking Act on a consolidated basis.
Issued pursuant to:
This notice applies to all banks in Singapore. Banks are required to comply with sections 31 and 33 of the Banking Act on a consolidated basis, by aggregating assets, liabilities, profits or losses with those of their related corporations and companies.
Amendment Notes
- 01 Jul 2021
- MAS Notice 625 (Amendment) 2021 (586.2 KB) dated 28 June 2021 takes effect.
- 22 Nov 2004
- MAS Notice 625 dated 22 October 2004 takes effect.
- 22 Nov 2004
- MAS Notice 625 dated 11 November 2002 is cancelled.