Regulatory Alerts2021-06-28
Added
MAS Notice 1110: Negotiable Certificates of Deposit
The Monetary Authority of Singapore issued Notice 1110 to establish regulatory requirements for merchant banks regarding the issuance and safekeeping of negotiable certificates of deposit and bearer securities. This notice applies to locally incorporated merchant banks and their branches, replacing the previous version dated March 2004. The effective date for these updated requirements is July 1, 2021, pursuant to the Banking Act.
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