Regulatory Alerts2021-06-29
Added
Cancellation of Notices and Directives issued under the Monetary Authority of Singapore Act to Merchant Banks
The Monetary Authority of Singapore issued this notice under section 28(3) of the MAS Act to formally cancel a comprehensive list of regulatory instruments applicable to merchant banks. The document specifies that MAS Notices 1001 through 1118 and MAS Directives 1 through 33 are repealed with effect from 1 July 2021. This cancellation removes outdated or superseded requirements regarding capital, auditing, credit facilities, and operational conduct for these financial institutions.
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