Regulatory Alerts2005-11-21
Added
Notice 820 Credit Facilities to a Single Borrower or Group of Borrowers
The Monetary Authority of Singapore issued this revised notice to require all finance companies to limit their credit exposures to a single borrower or group of borrowers. It establishes specific caps on credit facilities granted to individual entities or connected groups to manage credit risk. This regulation, issued under the Finance Companies Act, supersedes the previous version from 1984 to ensure consistent oversight of lending concentrations.
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