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.
Notices
Last Revised Date: 28 June 2021
Notice 816 Lending of Singapore Dollar to Non-Resident Financial Institutions
Governs the lending of SGD by finance companies to non-resident financial institutions, including requirements for submitting monthly returns.
SGD FX and Interest Rates
Statistical Returns
Issued pursuant to:
Finance Companies Act (Cap 108) section 30
Applies to:
Finance Company
View Notice
Notice 816 Lending of Singapore Dollar to Non-Resident Financial Institutions
(142 KB)
This notice applies to all finance companies in Singapore. It sets out the requirements for finance companies when:
Giving Singapore dollar credit facilities to non-resident financial institutions.
Arranging Singapore dollar equity or bond issues for non-resident financial institutions.
It also sets out requirements for finance companies to submit monthly returns to MAS on their aggregate outstanding Singapore dollar lending to non-resident financial institutions.
1 Jul 2021 MAS Notice 816 (Amendment) 2021 (142.4 KB) dated 28 June 2021 takes effect from 1 July 2021.
8 Oct 2018 MAS Notice 816 (Amendment) 2018 (241.1 KB) takes effect.
28 May 2004 MAS Notice 816 dated 28 May 2004 (12 KB) takes effect.
28 May 2004 MAS Notice 816 dated 20 March 2002 is cancelled.
Appendix 1: Format for Monthly Report for Outstanding S$ Credit Facility (92.5 KB)
Governs the lending of S$ by insurers (except captive insurers) to non-resident financial institutions, including requirements for submitting monthly returns.
Consultation on proposed (i) new Notice and Guidelines on Risk Fact Sheet for Contracts for Differences; (ii) amendments to Notice on Risk-Based Capital Adequacy Requirements; (iii) amendments to Notices relating to the lending of Singapore dollar to non-resident financial institutions; and (iv) new guidelines on statutory definition of common investors pertaining to insider trading.
Consultation number:
P018 - 2017
Start date:
06 October 2017
Closing date:
03 November 2017
MAS response date:
01 October 2018
Provides clarifications to some frequently asked questions on MAS Notice 757 and equivalent notices.
Outlines MAS’ policy review of MAS Notice 816 in May 2004.
Outlines MAS' review of MAS Notice 757 in December 2000.