Banking (Publication and Provision of Accounts) Regulations

Status:

Current version
as at 20 Apr 2024

Banking Act

(Chapter 19, Sections 25 and 78)

Banking (Publication and Provision of Accounts) Regulations

Rg 2

G.N. No. S 407/1993

REVISED EDITION 2004

(29th February 2004)

[15th October 1993]

Citation

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

[S 809/2020 wef 01/10/2020]

Definition

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

Publication of accounts

3. The annual balance sheet, profit and loss account and any other information that a bank is required to publish under section 25(2) and (4) of the Act must —

(a)

in the case of a bank that 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 (excluding a director or an employee of the bank), be published —

(i)

in at least 4 local daily newspapers, one in each of the following languages:

(A)	Malay;
(B)	Chinese;
(C)	Tamil;
(D)	English; or

(ii)

on the bank’s Internet website, in the 4 languages mentioned in sub-paragraph (i); and

(b)

in the case of any other bank, be published —

(i)	in at least one local English daily newspaper; or
(ii)	on the bank’s Internet website, in at least the English language.

[S 809/2020 wef 01/10/2020]

Provision of accounts

4. Every bank must make available, within a reasonable time, to any person upon the person’s request —

(a)

a copy of any statement mentioned in section 25(1)(a) of the Act; and

(b)

a document containing —

(i)	the full and correct names of all persons who are directors for the time being of the bank; and
(ii)	the names of all subsidiary companies for the time being of the bank.

[S 809/2020 wef 01/10/2020]

[G. N. No. S 407/93]

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