Regulatory Alerts2026-05-22
Added
MAS Notice 1012 Credit Facilities to a Single Borrower or Group of Borrowers
The Monetary Authority of Singapore issued Notice 1012 to establish exposure limits for locally-incorporated merchant banks regarding credit facilities granted to a single borrower or group of borrowers. The regulation defines the specific thresholds for these exposures and outlines the mandatory conditions required to increase such limits. This notice supersedes previous versions and takes full effect on 1 June 2027.
Notices
Last Revised Date: 22 May 2026
Requirements for merchant banks incorporated in Singapore to limit their exposures to a single borrower or group of borrowers.
Credit Risk
Issued pursuant to:
Banking Act (Cap. 19) section 55ZE(1)
Applies to:
Merchant Bank (Locally Incorporated)
View Notice
Notice 1012 Credit Facilities to a Single Borrower or Group of Borrowers
(151.7 KB)
This Notice applies to all locally-incorporated merchant banks. It sets out the limits for a locally-incorporated merchant bank’s credit facilities to a single borrower or group of borrowers, and the conditions that must be met for the limit to be increased.
01 Jun 2027 MAS Notice 1012 (527.6 KB) and MAS Notice 1012 Reporting Template (40 KB) dated 22 May 2026 takes effect.
01 Jun 2027 MAS Notice 1012 (151.7 KB) dated 11 June 2021 is cancelled.
01 Jul 2021 MAS Notice 1012 dated 11 June 2021 takes effect.
01 Jul 2021 MAS Notice 1012 (113 KB) and MAS Notice 1012 Appendix 1 (66.2 KB) dated 01 November 1985 are cancelled .
01 Nov 1985 MAS Notice 1012 dated 01 November 1985 takes effect.