Regulatory Alerts2021-06-22
Added
Notice 756 Deposit and Lending Rates
The Monetary Authority of Singapore issued Notice 756 to require all banks in Singapore to inform the regulator at least one working day in advance of any changes to Singapore dollar interest rates for specified deposits and credit facilities. This regulatory framework was officially cancelled with effect from 1 July 2021. The cancellation also rescinded several historical circulars and notices, including Circulars No. BM 9/75, BM 4/76, BM 3/78, and Notice to Banks MAS 620.
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