Regulatory Alerts2021-07-12
Added · Updated
Notice 1117 Collection of Statistical Returns for Renminbi Business Activities
Merchant banks approved under section 28 of the Monetary Authority of Singapore Act must prepare and submit monthly statistical returns regarding their Renminbi business activities using the form in Appendix 1. These returns, which include nil returns for banks with no RMB activity, must be furnished no later than 21 calendar days following the end of each month, or the next business day if the 21st is not a business day. The notice mandates specific reporting requirements for RMB-denominated assets, liabilities, and transaction values, with the first set of returns due by 22 June 2015 for positions as at 31 May 2015.
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