Regulatory Alerts2021-10-08
Added
MAS Notice SFA 04-N17 on Requirements for Cross-Border Arrangements under SF(ECBA)(FRC)R 2021
The Monetary Authority of Singapore issues this notice to impose risk mitigation requirements on Specified Regulated Entities engaging in cross-border arrangements with their Foreign Related Corporations. Entities must lodge specific notices regarding the commencement or intention to rely on exemptions, while adhering to strict restrictions on corporate finance advice and maintaining comprehensive internal controls and records. Ongoing compliance mandates timely reporting of changes or cessation of arrangements and the submission of annual declarations to the Authority.
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