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.
Notices
Last Revised Date: 21 November 2005
Notice 820 Credit Facilities to a Single Borrower or Group of Borrowers
Requirements for all finance companies to limit their exposures to a single borrower or group of borrowers.
Credit Risk
Issued pursuant to:
Finance Companies Act (Cap. 191) section 23(1)(d)
Applies to:
Finance Company
View Notice
Notice 820 Credit Facilities to a Single Borrower or Group of Borrowers
(177.7 KB)
This notice applies to all finance companies. It sets out the limit of the credit facilities granted to a single borrower or any group of borrowers.
21 Nov 2005 MAS Notice 820 dated 16 November 1984 is revised.
16 Nov 1984 MAS Notice 820 dated 16 November 1984 is issued.
Appendix 1: General Guidelines (155.4 KB)
Governs the licensing and and regulation of finance companies in Singapore.