Singapore legislation
Clause 12
Clause 12
Statistics to be furnished
(1)
Every licensed bank shall send to the Chief Statistician, Singapore, the Inspector and the Minister —
not later than fifteen days after the last day of each month a statement in the form set out in the First Schedule to this Ordinance showing the assets and liabilities of its banking offices and branches in Singapore at the close of business on the last business day of the preceding month;
not later than twenty-one days after the last day of each half year ending on the 30th day of June, and the 31st day of December, a statement in the form set out in the Second Schedule to this Ordinance giving an analysis of loans and advances of its banking offices and branches in Singapore as at the 30th day of June and the 31st day of December respectively.
(2)
The Minister may on the recommendation of the Inspector by regulation vary or amend the forms set out in the First and Second Schedules to this Ordinance.
(3)
Any licensed bank which fails to comply with any requirement set out in subsection (1) of this section shall be guilty of an offence against this Ordinance and shall, on conviction, be liable to a fine not exceeding one thousand dollars for every day the default continues.
(4)
It shall be the responsibility of the Chief Statistician, Singapore, to prepare and to publish consolidated statements aggregating the figures in the returns furnished under subsection (1) of this section.