Notices
 Last Revised Date: 24 June 2022

Notice 648  Issuance of Covered Bonds by Banks Incorporated in Singapore

Requirements that banks incorporated in Singapore must comply with when issuing covered bonds.

Issued pursuant to:

Banking Act 1970 section 55

Applies to: Full Bank (Locally Incorporated) , Wholesale Bank (Locally Incorporated)
View Notice Notice 648  Issuance of Covered Bonds by Banks Incorporated in Singapore (518.7 KB)

This notice applies to all banks incorporated in Singapore. It sets out the requirements that banks have to comply with when issuing covered bonds. These include:

  • Cover pool assets and encumbrance limit.
  • Risk management requirements.
  • Notification and other requirements.

Amendment Notes

28 Sep 2021
MAS Notice 648 (Amendment) 2021 (61.8 KB) takes effect.

16 Oct 2020
MAS Notice 648 (Amendment) 2020 (438.4 KB) takes effect.