RegAlert
2005-11-21

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Notice 807 Licence Fees

The Monetary Authority of Singapore issued this notice to prescribe annual licence fees for finance companies under the Finance Companies Act. Effective 1 April 1995, head offices are required to pay $35,000 while branches located in or outside Singapore must pay $5,000. This directive supersedes previous circulars and notices regarding licence fee structures.

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MAS 807
20 January 1984
(updated on 21 Nov 05)
NOTICE TO FINANCE COMPANIES
FINANCE COMPANIES ACT, CAP 108 1985 Ed BFI(FC) Circular No. FC 5/70 dated 13 March 1970, FC Notice 7 dated 1 November 1973 and MAS 807 dated 1 December 1983 are cancelled. Licence Fees Pursuant to Section 57(2)(a) of the Finance Companies Act, and The Finance Companies (Licence Fees) Regulations, 1994, the Authority prescribes that with effect from 1 April 1995, finance companies shall pay annual licence fees as follows :- (a) Head Office - $ 35,000 (b) Branch in or outside Singapore - $ 5,000 Last modified on 19/3/2007

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Lineage: In force

Act No. 108 of 1985Act No. 108 of 1985Finance Companies (Licence Fees…Finance Companies (Licence Fees) Regulations, 1994Circular No. 5 dated 1970-03-13Circular No. 5 dated 1970-03-13Notice No. 7 dated 1973-11-01Notice No. 7 dated 1973-11-01Notice No. 807 dated 1983-12-01Notice No. 807 dated 1983-12-01Notice 807 Licence Fees2005-11-21 · this documentNotice 807 Licence Fees (2005-11-21)
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