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.
Notices
Last Revised Date: 11 June 2021
Notice 760 Collection of Statistical Returns for Unsecured Credit Facilities
Requirements for banks to submit quarterly statistical returns to MAS for their unsecured non-card credit facility portfolio.
Credit Cards and Unsecured Credit
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 760 Collection of Statistical Returns for Unsecured Credit Facilities
(304.5 KB)
This notice applies to all banks in Singapore. It requires banks to submit statistical returns for their unsecured non-card credit facility portfolio to MAS each quarter. The notice includes:
Statistics collection templates
Notes for completion
Timeline for submission
1 Jul 2021
MAS Notice 760 (Amendment) 2021 (317.2 KB) dated 11 Jun 2021 takes effect.
01 Jun 2015
MAS Notice 760 (Amendments) 2015 (31.5 KB) dated 27 May 2015 takes effect.
01 Oct 2014 MAS Notice 760 dated 29 November 2013 takes effect.
01 Oct 2014 MAS Notice 760 dated 7 April 2009 is cancelled.
Appendix I: Statistics Collection Template for Banks (241.4 KB)
Appendix II: Statistics Collection Template for Banks With Total Outstanding Balance of Less Than $5 Million (86.6 KB)
Requirements for banks when granting an unsecured non-card credit facility to an individual.