Regulatory Alerts2021-06-28
Added
MAS Notice 1102 Register of Dealers
The Monetary Authority of Singapore issued Notice 1102 to establish requirements for merchant banks regarding the register of dealers. The notice mandates specific procedures for the new appointment, departure, re-designation, and termination of dealers due to misconduct. It supersedes previous iterations of the notice and applies to all locally incorporated merchant banks and their branches.
Notices
Last Revised Date: 28 June 2021
Notice 1102 Register of Dealers
Requirements for merchant banks on register of dealers.
Fit and Proper Criteria
Issued pursuant to:
Banking Act (Cap. 19) section 55(1) as applied by Section 55ZJ(1)
Applies to:
Merchant Bank (Locally Incorporated)
,
Merchant Bank (Branch)
View Notice
Notice 1102 Register of Dealers
(417 KB)
This notice applies to all merchant banks. It sets out the requirements on:
New appointment, departure or re-designation of its dealers.
Termination of a dealer due to misconduct.
01 Jul 2021 MAS Notice 1102 dated 28 June 2021 takes effect.
01 Jul 2021 MAS Notice 1102 dated 7 September 2007 (7 KB) is cancelled .
07 Sep 2007 MAS Notice 1102 dated 07 September 2007 takes effect.
07 Sep 2007 MAS Notice 1102 dated 4 January 2005 is cancelled.
Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.