Notices
Last Revised Date: 16 May 2024

Notice FHC-N637 on Risk Based Capital Adequacy Requirements

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).
Issued pursuant to: Financial Holding Companies Act 2013 sections 3(1) 36(1) 37(1) 38(2)  and 60(1)

This notice applies to all financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking DFHCs (referred to in this Notice as an "FHC"). It sets out how Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore is to apply to such FHCs, covering:

  • Capital adequacy ratio and leverage ratio requirements for an FHC, and the methodology and process for calculating these ratios;
  • Requirements for the internal capital adequacy assessment process of an FHC; and
  • Public disclosure requirements for an FHC in relation to its capital adequacy and risk exposures. 

Amendment Notes

01 July 2024
MAS Notice FHC-N637 (210.2 KB) dated 16 May 2024 and effective 1 July 2024.
MAS Notice FHC-N637 (Amendment) 2024 (220.5 KB) dated 16 May 2024 takes effect.
01 July 2022
MAS Notice FHC-N637 (165.7 KB) dated 29 June 2022 takes effect.