Guidelines for all financial institutions covering MAS' general approach to Islamic banking regulations.
Last Revised Date: 11 June 2021
Notice 640 Minimum Asset Maintenance Requirements
Covers requirements for the minimum amount of eligible assets that foreign banks must maintain in Singapore.
This notice applies to all foreign banks. It sets out requirements on:
- Maintaining eligible assets in Singapore to meet the asset maintenance requirement at all times.
- Computation of eligible assets and asset maintenance ratio.
- Submission of reports.