2.—(1) The forms to be submitted to the Registrar under the Act shall be those provided at the Internet website at http://www.mcys.gov.sg/regcoop (under “Forms”), and any reference in these Rules to a numbered form shall be construed as a reference to the current version of the form bearing the corresponding number which is displayed at that website.
(2) Every form used for the purposes of the Act shall be completed in the English language and in accordance with such directions as may be specified in the form or by the Registrar.
(3) Any document required to be submitted to the Registrar under any provision of the Act or these Rules shall be submitted in such form and manner as may be specified in the website referred to in paragraph (1).
Application for registration of society
3.—(1) Every application for registration of a society under section 7 of the Act shall be submitted to the Registrar —
(a)
in Form 1, in the case of a society which proposes to provide any financial service; or
(b)
in Form 2, in any other case.
(2) Every application for registration of an amalgamated society under section 74 of the Act shall be submitted to the Registrar —
(a)
in Form 3, in the case of an amalgamated society which proposes to provide any financial service; or
(b)
in Form 4, in any other case.
Application for conversion from non-credit society to credit society
4. Every application of a non-credit society for the written approval of the Registrar to provide any financial service under section 16A of the Act shall be submitted to the Registrar —
(a)
in Form 5, in the case of a society which provides any financial service immediately before 20th October 2008; or
(b)
in Form 1, in any other case.
Minimum requirements for registration of credit societies
5.—(1) For the purposes of sections 9(1B)(e) and 16A(5)(e) of the Act and subject to paragraph (2), the minimum requirements that apply to a society are as follows:
(a)
a capital adequacy ratio of not less than 6%; and
(b)
a liquidity ratio of not less than 13%,
calculated in such manner as may be determined by the Registrar by notice in writing.
(2) The Registrar may, if he considers it appropriate in the circumstances of a particular society or class of societies and having regard to the risks arising from the activities of the society or class of societies and such other factors as the Registrar considers relevant, vary the capital adequacy ratio or liquidity ratio applicable to that society or class of societies (as the case may be).