This notice applies to all banks in Singapore that hold private equity and venture capital (PE/VC) investments. It sets out the requirements on PE/VC investments which 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 bank employees handling PE/VC investment activities.
Internal approval and monitoring process for each PE/VC investment.
Risk based capital adequacy requirements for financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking designated financial holding companies (predominantly banking DFHCs).