Notices
 Last Revised Date: 29 June 2021

Notice 630 Private Equity and Venture Capital Investments

Requirements for banks holding private equity and venture capital investments.

Issued pursuant to:

Banking Act (Cap. 19) section 55

Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated)
View Notice Notice 630 Private Equity and Venture Capital Investments (657.2 KB)

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.
  • Reporting PE/VC policies and activities to MAS.

Amendment Notes

01 July 2021
MAS Notice 630 (Amendment 2021) (807.6 KB) dated 29 June 2021 takes effect.

05 July 2010
MAS Notice 630 dated 05 July 2010 takes effect.