Regulatory Alerts2023-03-15
Added
MAS Notice 636 on Negotiable Certificates of Deposit
The Monetary Authority of Singapore issued Notice 636 to establish regulatory requirements for all banks issuing or acting as authorized depositories for negotiable certificates of deposit and bearer securities. The notice mandates specific standards for the issuance and safekeeping of these financial instruments to ensure operational integrity. It applies to full and wholesale banks, both locally incorporated and branches, under the authority of the Banking Act.
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