RegAlert

Rule · MAS · 10 Dec 2024

Cancellation of MAS Notice 634 on Banking Secrecy and Outsourcing Conditions

resilience

The Monetary Authority of Singapore issued this notice to formally cancel MAS Notice 634, which previously outlined conditions for banking secrecy regarding outsourcing. The cancellation takes effect on 11 December 2024, removing the regulatory framework originally established in February 2003 and last revised in May 2004. This action is executed pursuant to the Third Schedule, Part 2, paragraph 3 of the Banking Act 1970.

SingaporeMonetary Authority of Singapore

MAS NOTICE 634 (CANCELLATION) 2024
10 December 2024
NOTICE TO BANKS
BANKING ACT 1970
CANCELLATION OF MAS NOTICE 634

  1. This Notice is issued pursuant to the Third Schedule, Part 2, paragraph 3 of the Banking
    Act 1970.
  2. MAS Notice 634 on “Banking Secrecy – Conditions for Outsourcing” dated 19 February
    2003 (last revised on 25 May 2004) is cancelled with effect from 11 December 2024.

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Annotations and obligations
1 definition
  • Definition / condition 1
  • background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Banking Act 19701971 · SG-LAWBanking Act 1970 (1971-01-01)MAS Notice 634 on “Banking Secrecy– Conditions for Outsourcing”Not in RegAlert · 2003MAS Notice 634 on “Banking Secrecy – Conditions for Outsourcing” — Not in RegAlert · 2003Cancellation of MAS Notice 634on Banking Secrecy and Outsou…2024-12-10 · this documentCancellation of MAS Notice 634 on Banking Secrecy and Outsourcing Conditions (2024-12-10)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Supersedes
  • MAS Notice 634 on “Banking Secrecy – Conditions for Outsourcing”Not in RegAlert · 2003

    “MAS Notice 634 on “Banking Secrecy – Conditions for Outsourcing” dated 19 February 2003 (last revised on 25 May 2004) is cancelled with effect from 11 December 2024.”

Issued under
  • Banking Act 19701971 · SG-LAW

    “This Notice is issued pursuant to the Third Schedule, Part 2, paragraph 3 of the Banking Act 1970.”

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