Notice FHC-N608 on Disclosure in Financial Statements
Covers financial statement disclosure requirements in relation to designated financial holding companies with a subsidiary that is a bank incorporated in Singapore.
This notice applies to all designated financial holding companies with a subsidiary that is a bank incorporated in Singapore(DFHC (Bank)). It sets out certain disclosure requirements by MAS on DFHC (Bank)’s financial statements, in addition to the requirements relating to financial statements as specified in the Companies Act, including Accounting Standards prescribed under the Companies Act.