Regulatory Alerts2021-07-12
Added
Notice 1117 Collection of Statistical Returns for Renminbi Business Activities
The Monetary Authority of Singapore issued Notice 1117 to require all merchant banks to submit monthly statistical returns for Renminbi business activities. The regulation mandated the use of specific templates and instructions for reporting, applying even to banks with no such transactions. This notice was officially cancelled with effect from 1 July 2021, ending the reporting obligation.
Notices
Last Revised Date: 12 July 2021
Notice 1117 Collection of Statistical Returns for Renminbi Business Activities [Cancelled with effect from 1 July 2021]
Requirements, templates and instructions for all merchant banks when submitting statistical returns for Renminbi business activities.
Renminbi Business
Issued pursuant to:
Monetary Authority of Singapore Act (Cap. 186) section 28(3)
Applies to:
Merchant Bank (Locally Incorporated)
,
Merchant Bank (Branch)
View Notice
Notice 1117 Collection of Statistical Returns for Renminbi Business Activities [Cancelled with effect from 1 July 2021]
(334.2 KB)
This notice applies to all merchant banks, including those with no business activities transacted in Renminbi. It requires merchant banks to prepare monthly statistical returns to MAS according to the given template and instructions.
12 Jul 2021 MAS Notice 1117 is cancelled
, with effect from 1 July 2021 .
29 Jan 2019 MAS Notice 1117 (Amendment) 2019 (418.1 KB) takes effect from the monthly returns for January 2019.
11 May 2015 MAS Notice 1117 dated 8 May 2015 takes effect.
Requirements for merchant banks submitting returns to MAS, including reporting forms, completion notes and submission timeframe.
Requirements for merchant banks conducting foreign exchange conversion in China via the Renminbi Clearing Bank.