Regulatory Alerts2003-07-04
Added
MAS Notice 1104 – Weekly Report on S$ Transactions
The Monetary Authority of Singapore revised MAS Notice 1104 to require merchant banks to submit weekly rather than daily reports for Singapore dollar foreign exchange transactions. The new reporting threshold applies only to individual transactions of at least US$1 million, with submissions handled electronically via the MASNET website. The revised requirements take effect on 6 October 2003, requiring the first weekly return to be submitted on 13 October 2003.
Topics
Share