Regulatory Alerts2021-06-28
Added
MAS Notice 1105 Lending of Singapore Dollar to Non-Resident Financial Institutions
The Monetary Authority of Singapore issued Notice 1105 to govern merchant banks' extension of Singapore dollar credit facilities and arrangement of equity or bond issues for non-resident financial institutions. The notice mandates that these banks submit monthly statistical returns detailing their aggregate outstanding Singapore dollar lending to such entities. This regulation, effective from 1 July 2021, supersedes the previous version of the notice to ensure updated compliance and reporting standards.
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