MAS Notice 1105 Lending of Singapore Dollar to Non-Resident Financial Institutions

Notices

Last Revised Date: 28 June 2021

Notice 1105 Lending of Singapore Dollar to Non-Resident Financial Institutions

Governs the lending of SGD by merchant banks to non-resident financial institutions, including requirements for submitting monthly returns.

SGD FX and Interest Rates

Statistical Returns

Issued pursuant to:

Banking Act (Cap. 19) Section 55 (1)

Applies to:

Merchant Bank (Locally Incorporated)

,

Merchant Bank (Branch)

View Notice

Notice 1105 Lending of Singapore Dollar to Non-Resident Financial Institutions

(138.6 KB)

This notice applies to all merchant banks in Singapore. It sets out the requirements for merchant banks when:

Extending Singapore dollar credit facilities to non-resident financial institutions.

Arranging Singapore dollar equity or bond issues for non-resident financial institutions.

It also sets out requirements for merchant banks to submit monthly returns to MAS on their aggregate outstanding Singapore dollar lending to non-resident financial institutions.

1 Jul 2021
MAS Notice 1105 dated 28 June 2021
(138.6 KB) takes effect from 1 July 2021.

1 Jul 2021
MAS Notice 1105 dated 28 May 2004 (last revised on 5 October 2018) is cancelled.

08 Oct 2018
MAS Notice 1105 (Amendment) 2018
(242 KB) takes effect.

28 May 2004
MAS Notice 1105 dated 28 May 2004
(12.3 KB) takes effect.

28 May 2004
MAS Notice 1105 dated 20 March 2002 is cancelled.

Appendix I: Format for Outstanding S$ Credit Facility Monthly Report
(92.6 KB)

Governs the lending of S$ by insurers (except captive insurers) to non-resident financial institutions, including requirements for submitting monthly returns.

Guidelines on the permitted activities and restrictions for merchant banks.

Consultation on proposed (i) new Notice and Guidelines on Risk Fact Sheet for Contracts for Differences; (ii) amendments to Notice on Risk-Based Capital Adequacy Requirements; (iii) amendments to Notices relating to the lending of Singapore dollar to non-resident financial institutions; and (iv) new guidelines on statutory definition of common investors pertaining to insider trading.

Consultation number:

P018 - 2017

Start date:

06 October 2017

Closing date:

03 November 2017

MAS response date:

01 October 2018

Provides clarifications to some frequently asked questions on MAS Notice 757 and equivalent notices.

Outlines MAS’ policy review of MAS Notice 1105 in May 2004.

Outlines MAS' review of MAS Notice 757 in December 2000.