Regulatory Alerts2021-06-28
Added
Guidelines for Operation of Merchant Banks
The Monetary Authority of Singapore issued these guidelines to define the permitted activities and restrictions for merchant banks in Singapore. The document was officially cancelled effective 1 July 2021, removing the regulatory framework for allowed and prohibited operations. Prior to cancellation, it governed specific requirements such as Asian Currency Unit operations, negotiable certificate of deposit issuance, and SGD lending to non-resident financial institutions.
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