Regulatory Alerts2021-06-11
Added
Notice 760 Collection of Statistical Returns for Unsecured Credit Facilities
The Monetary Authority of Singapore issued Notice 760 to require all local banks to submit quarterly statistical returns regarding their unsecured non-card credit facility portfolios. This directive mandates the use of specific collection templates and adherence to defined submission timelines under the Banking Act. The notice applies to full and wholesale banks, with distinct templates provided based on the total outstanding balance of the facilities.
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