Guidelines for Operation of Merchant Banks

Guidelines

Last Revised Date: 28 June 2021

Guidelines for Operation of Merchant Banks [Cancelled]

Guidelines on the permitted activities and restrictions for merchant banks. The Guidelines was cancelled with effect from 1 July 2021.

Operations

Applies to:

Merchant Bank (Locally Incorporated)

,

Merchant Bank (Branch)

View Document

Cancellation - Guidelines for Operation of Merchant Banks

(180.2 KB)

These guidelines apply to all merchant banks in Singapore. The guidelines cover the allowed and prohibited activities for merchant banks.

01 Jul 2021
Guidelines for Operation of Merchant Banks
(30.4 KB) is cancelled.

Requirement for merchant banks to obtain MAS' approval for the operation of an Asian Currency Unit.

Requirements for banks and merchant banks operating an Asian Currency Unit.

Requirements for merchant banks on the issuance and safekeeping of negotiable certificates of deposit and bearer securities.

Governs the lending of SGD by merchant banks to non-resident financial institutions, including requirements for submitting monthly returns.