Banking (Publication of Accounts) Regulations

Status:

Revised Edition
published on 30 Mar 1994

Banking Act

(Chapter 19, Sections 25 and 78)

Banking (Publication of Accounts)
Regulations

Rg 2

G.N. No. S 407/1993

REVISED EDITION 1994

(30th March 1994)

[15th October 1993]

Citation

1. These Regulations may be cited as the Banking (Publication of Accounts) Regulations.

Definition

2. In these Regulations, “individual” means a single natural person.

Publication of accounts in newspapers

3. The annual balance-sheet, profit and loss account and other information which a bank is required to publish under section 25 (2) and (3) shall —

(a)	in the case of a bank which has accepted during the financial year to which those statements relate any interest-bearing deposit of less than $250,000 in Singapore dollars from any individual resident in Singapore (except from directors and employees of the bank), be published in at least 4 local daily newspapers, one each published in the Malay, Chinese, Tamil and English language; and
(b)	in the case of any other bank, be published in at least one local English language daily newspaper.

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