Regulatory Alerts2004-05-28
Added · Updated
MAS Notice 109 - Lending of Singapore Dollar to Non-Resident Financial Institutions
The Monetary Authority of Singapore issued this notice to rename its policy from "Non-Internationalisation of the S$" to "Lending of S$ to Non-Resident Financial Institutions" to better reflect its current scope. The revised framework retains basic safeguards against borrowing by non-resident financial institutions for speculating in the Singapore Dollar while further refining the liberalisation of S$ lending policies. This update accompanies the release of the revised MAS Notice 109 and a list of frequently asked questions for insurers in Singapore.
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