Banking (Publication and Provision of Accounts) Regulations

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]

LEGISLATIVE HISTORY

Banking (Publication and Provision of Accounts) Regulations

 

formerly known as the Banking (Publication of Accounts) Regulations
This Legislative History is provided for the convenience of users of the Banking (Publication of Accounts) Regulations. It is not part of these Regulations.
1.	G. N. No. S 407/1993—Banking (Publication of Accounts) Regulations 1993
	Date of commencement	:	15 October 1993
2.	1994 Revised Edition—Banking (Publication of Accounts) Regulations
	Date of operation	:	30 March 1994
3.	2004 Revised Edition—Banking (Publication of Accounts) Regulations
	Date of operation	:	29 February 2004
4.	G.N. No. S 809/2020—Banking (Publication of Accounts) (Amendment) Regulations 2020
	Date of commencement	:	1 October 2020