Regulatory Alerts2021-06-28
Added
Notice 755 Weekly Report on S$ Transactions
The Monetary Authority of Singapore issued Notice 755 to require all banks in Singapore to submit weekly reports on their foreign exchange transactions against the Singapore Dollar. The regulation mandates that each reporting week commence on a Monday and applies to full and wholesale banks, both locally incorporated and branches. This notice is issued pursuant to Section 55 of the Banking Act and has undergone amendments effective in 2021 and 2026.
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