Regulatory Alerts2021-06-28
Added · Updated
MAS Notice 1104 (Amendment) 2026 on Weekly Report on S$ Transactions
MAS Notice 1104 (Amendment) 2026 amends the reporting requirements for merchant banks in Singapore regarding weekly Singapore dollar transactions. The amendments, effective 9 June 2026, clarify that merchant banks must report all foreign exchange transactions of at least US$1 million each, including those in demand drafts, travellers cheques, telegraphic transfers, mail transfers, bills of exchange, and currency notes with non-bank customers. Merchant banks must submit these reports via the MAS-Tx platform by 1700 hours on the working day immediately following the end of each reporting week, which starts on a Monday.
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