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.
Notices
Last Revised Date: 28 June 2021
Notice 1110 Negotiable Certificates of Deposit
Requirements for merchant banks on the issuance and safekeeping of negotiable certificates of deposit and bearer securities.
Negotiable Certificates of Deposits
Issued pursuant to:
Banking Act (Cap.19) section 55(1) as applied by section 55ZJ(1)
Applies to:
Merchant Bank (Locally Incorporated)
,
Merchant Bank (Branch)
View Notice
Notice 1110 Negotiable Certificates of Deposit
(420.4 KB)
This notice applies to merchant banks which issue, or act as an authorised depository for negotiable certificates of deposit (NCDs) or bearer securities. It sets out the requirements on issuance and safekeeping NCDs and bearer securities.
01 Jul 2021 MAS Notice 1110 dated 28 June 2021 takes effect.
01 Jul 2021 MAS Notice 1110 dated 1 March 2004 (last revised 25 May 2004) (90.5 KB) is cancelled .
25 May 2004 Notice 1110 (Amendment) 2004 takes effect.
01 Mar 2004 MAS Notice 1110 dated 01 March 2014 takes effect.
Guidelines on the permitted activities and restrictions for merchant banks.