Regulatory Alerts2021-09-27
Added
Notice 761 Obligations of Primary Dealers (SGS)
The Monetary Authority of Singapore issued Notice 761 to define the roles and responsibilities of primary dealers in the Singapore Government Securities market. The regulation mandates compliance with participation in government securities auctions and market making activities. It also establishes the operational framework for SGS issuance and specifies financial penalties for non-compliance with directions under the Government Securities Act.
Notices
Published Date: 27 September 2021
Notice 761 Obligations of Primary Dealers (SGS)
Obligations of primary dealers in the Singapore Government Securities (SGS) market.
Primary Dealers
Issued pursuant to:
Government Securities (Debt Market and Investment) Act 1992 section 29C
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 761 Obligations of Primary Dealers (SGS)
(94.4 KB)
This Notice sets out the roles and responsibilities of primary dealers in the Government securities market. It covers their participation in Government securities auctions and market making.
17 Dec 2019 MAS Notice 761 (Amendment) 2019 (280.8 KB) takes effect.
28 Sep 2021 MAS Notice 761 (Amendment) 2021 (95.6 KB) takes effect.
MAS Notice 761 (280.7 KB) in force immediately before 28 September 2021.
Sets out the operational framework in which Singapore Government Securities are issued.
Sets out the financial penalty payable by primary dealers for failure to comply with any direction given under the Government Securities Act.
Guidelines for banks dealing in securities issued by the Singapore Government, as a primary, registered or secondary dealer.