Regulatory Alerts2021-06-28
Added
Notice 757 Lending of Singapore Dollar to Non-Resident Financial Institutions
The Monetary Authority of Singapore issued Notice 757 to govern the lending of Singapore dollars by banks to non-resident financial institutions. The regulation requires banks to extend credit facilities and arrange equity or bond issues for these entities while submitting monthly statistical returns on aggregate outstanding lending. This notice applies to all banks in Singapore and was last amended effective 1 July 2021.
Notices
Last Revised Date: 28 June 2021
Notice 757 Lending of Singapore Dollar to Non-Resident Financial Institutions
Governs the lending of SGD by banks to non-resident financial institutions, including requirements for submitting monthly returns.
SGD FX and Interest Rates
Statistical Returns
Issued pursuant to:
Banking Act (Cap. 19) Section 55
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 757 Lending of Singapore Dollar to Non-Resident Financial Institutions
(142.7 KB)
This notice applies to all banks in Singapore. It sets out the requirements for banks when:
Extending Singapore dollar credit facilities to non-resident financial institutions.
Arranging Singapore dollar equity or bond issues for non-resident financial institutions.
It also sets out requirements for banks to submit monthly returns to MAS on their aggregate outstanding Singapore dollar lending to non-resident financial institutions
1 Jul 2021 MAS Notice 757 (Amendment) 2021 (143.2 KB) dated 28 June 2021 takes effect from 1 July 2021.
8 Oct 2018 MAS Notice 757 (Amendment) 2018 (242.6 KB) takes effect.
28 May 2004 MAS Notice 757 dated 28 May 2004 takes effect.
28 May 2004 MAS Notice 757 dated 20 March 2002 is cancelled.
Appendix 1: Format of Outstanding S$ Credit Facility Monthly Report (91.6 KB)
Guidelines on the permitted activities and restrictions for wholesale banks.
Governs the lending of S$ by insurers (except captive insurers) to non-resident financial institutions, including requirements for submitting monthly returns.
Consultation on proposed (i) new Notice and Guidelines on Risk Fact Sheet for Contracts for Differences; (ii) amendments to Notice on Risk-Based Capital Adequacy Requirements; (iii) amendments to Notices relating to the lending of Singapore dollar to non-resident financial institutions; and (iv) new guidelines on statutory definition of common investors pertaining to insider trading.
Consultation number:
P018 - 2017
Start date:
06 October 2017
Closing date:
03 November 2017
MAS response date:
01 October 2018
Provides clarifications to some frequently asked questions on MAS Notice 757 and equivalent notices.
Outlines MAS’ policy review of MAS Notice 757 in May 2004.
Outlines MAS' review of MAS Notice 757 in December 2000.