Regulatory Alerts2021-06-28
Added
Notice 816 Lending of Singapore Dollar to Non-Resident Financial Institutions
The Monetary Authority of Singapore issued Notice 816 to govern the lending of Singapore dollars by finance companies to non-resident financial institutions. The notice mandates that these entities provide Singapore dollar credit facilities and arrange equity or bond issues for such institutions while submitting monthly statistical returns on their aggregate outstanding lending. This regulatory framework applies to all finance companies in Singapore and was last amended to take effect on 1 July 2021.
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