Regulatory Alerts2021-06-11
Added
Notice 753 Register of Dealers
The Monetary Authority of Singapore issued Notice 753 to establish requirements for all banks regarding the maintenance of their dealer registers. Banks are mandated to inform the regulator of any new appointments, departures, or re-designations of dealers, as well as immediate notifications for terminations due to misconduct. These obligations apply to full and wholesale banks, with significant amendments taking effect on July 1, 2021.
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