MAS Amends Notices 610 and 1003 on Submission of Returns
MAS amended Notice 610 and Notice 1003 regarding the Submission of Statistics and Returns. The amendments reflected in the Notices shall take effect on January 17, 2019. Notice 610 has been issued pursuant to Section 26(1) of the Banking Act (Cap. 19) whereas Notice 1003 has been issued pursuant to Section 28(3) of MAS Act (Cap. 186).
MAS Notices 610 and 1003 contain information and formats regarding the returns to be submitted by banks in Singapore. The notices consist of three main appendices and each appendix is accompanied with notes for completion (Appendix 1A, 2A, and 3A). Appendices 1 and 2 are to be completed monthly while Appendix 3 is to be completed quarterly. MAS Notice 610 (Amendment) 2019 and Notice 1003 (Amendment) 2019 shall take effect from the monthly returns for January 2019 and the quarterly return for the quarter ending March 2019.
Effective Date: January 17, 2019
Keywords: Asia Pacific, Singapore, Banking, Statistics, MAS Notice 610, MAS Notice 1003, Statistics and Returns, Reporting, MAS
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
MAS Publishes Its Approach to Macro-Prudential PolicyRelated Articles
EC Adopts Financial Reporting Changes Arising from Benchmark Reforms
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HMT Updates List of Post-Brexit Equivalence Decisions in UK
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA Issues Erratum for Technical Package on Reporting Framework 3.0
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
EBA Publishes Risk Dashboard for Third Quarter of 2020
EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.
ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB Finalizes Guide on Supervisory Approach to Bank Consolidation
ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.
SRB Chair Outlines Work Priorities for 2021
The SRB Chair Elke König published an article setting out work priorities for 2021.
FDIC Selects Companies to Compete in Final Phase of Tech Sprint
FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.
