Regulatory Alerts2021-06-28
Added
Notice 109 Lending of Singapore Dollar to Non-Resident Financial Institutions
The Monetary Authority of Singapore issues Notice 109 to govern the lending of Singapore dollars by insurers, CMS licensees, finance companies, merchant banks, and banks to non-resident financial institutions. The regulation establishes specific limits and rules for these cross-border lending activities and mandates the submission of monthly returns regarding outstanding credit facilities. Recent amendments effective from July 2021 incorporate consequential changes arising from the Banking (Amendment) Act 2020 to update these reporting and operational requirements.
Notices
Last Revised Date: 28 June 2021
Notice 109 Lending of Singapore Dollar to Non-Resident Financial Institutions
Governs the lending of S$ by insurers (except captive insurers) to non-resident financial institutions, including requirements for submitting monthly returns.
View Notice
Notice 109 Lending of Singapore Dollar to Non-Resident Financial Institutions
(130 KB)
Sets out MAS' limits and rules on insurers' lending of S$ to non-resident financial institutions, and the related reporting requirements.
28 Jun 2021 Notice 109 (Amendment) 2021 (139.1 KB) takes effect from 1 Jul 2021.
05 Oct 2018 Notice 109 (Amendment) 2018 (239.6 KB) takes effect from 8 Oct 2018.
28 May 2004
Notice 109 dated 28 May 2004 (208 KB) takes effect.
Appendix 1: Format of Outstanding S$ Credit Facility Monthly Report (92.4 KB)
Informs insurers of the consequential amendments as well as other amendments to certain Notices arising from the Banking (Amendment) Act 2020.
Governs the lending of Singapore dollar by CMS licensees, including requirements for submitting monthly returns.
Governs the lending of SGD by finance companies to non-resident financial institutions, including requirements for submitting monthly returns.
Governs the lending of SGD by merchant banks to non-resident financial institutions, including requirements for submitting monthly returns.
Governs the lending of SGD by banks to non-resident financial institutions, including requirements for submitting monthly returns.
Consultation on proposed (i) new Notice and Guidelines on Risk Fact Sheet for Contracts for Differences; (ii) amendments to Notice on Risk-Based Capital Adequacy Requirements; (iii) amendments to Notices relating to the lending of Singapore dollar to non-resident financial institutions; and (iv) new guidelines on statutory definition of common investors pertaining to insider trading.
Consultation number:
P018 - 2017
Start date:
06 October 2017
Closing date:
03 November 2017
MAS response date:
01 October 2018
Outlines MAS’ policy review of MAS Notice 109 in May 2004.
Provides clarifications to some frequently asked questions on MAS Notice 757 and equivalent notices.
Outlines MAS' review of MAS Notice 757 in December 2000.