Regulatory Alerts2021-06-28
Added
Notice SFA 04-N04 Lending of Singapore Dollar to Non-Resident Financial Institutions for CMS Licensees
The Monetary Authority of Singapore issues this notice to govern capital markets services licensees extending Singapore dollar credit facilities or arranging equity and bond issues for non-resident financial institutions. It mandates that eligible licensees submit monthly statistical returns detailing their aggregate outstanding Singapore dollar lending to these entities. The regulatory framework applies specifically to licensees dealing in securities, collective investment scheme units, and derivatives contracts where the underlying asset is a security.
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