Regulatory Alerts2003-07-04
Added
MAS Notice 755 – Weekly Report on S$ Transactions
The Monetary Authority of Singapore revised MAS Notice 755 to require banks to submit foreign exchange transaction reports on a weekly basis instead of daily. The revised regulation mandates reporting only for Singapore dollar FX transactions with a value of at least US$1 million per transaction. The new requirements take effect on 6 October 2003, with the first weekly return due on 13 October 2003, and submissions must be made electronically via the MASNET website.
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