This notice applies to all financial holding companies that –
(a) have a subsidiary that is a bank incorporated in Singapore;
(b) are predominantly banking DFHCs; and
(c) are internationally active designated financial holding companies or are entities within a group that is designated by the Authority as a domestic systemically important bank (D-SIB),
(referred to in this Notice as an “FHC”).

It sets out the minimum all currency net stable funding ratio (NSFR) requirements that an FHC has to comply with.