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.
Notices
Last Revised Date: 28 June 2021
Notice SFA 04-N04 Lending of Singapore Dollar to Non-Resident Financial Institutions for Holders of Capital Markets Services Licence
Governs the lending of Singapore dollar by CMS licensees, including requirements for submitting monthly returns.
Statistical Returns
Issued pursuant to:
Securities and Futures Act (Cap. 289) section 101
Applies to:
Dealing in Capital Markets Products
,
Securities Crowdfunding
View Notice
Notice SFA 04-N04 Lending of Singapore Dollar to Non-Resident Financial Institutions for Holders of Capital Markets Services Licence
(143.4 KB)
This notice applies to capital markets services (CMS) licensees dealing in securities; units in CIS; and derivatives contracts where the underlying is a security.
It sets out the requirements for:
Extending Singapore dollar credit facilities to non-resident financial institutions.
Arranging Singapore dollar equity or bond issues for non-resident financial institutions.
Submitting monthly returns on their aggregate outstanding Singapore dollar lending to non-resident financial institutions.
01 Jul 2021 MAS Notice SFA 04-N04 (Amendment) 2021 (151.4 KB) takes effect.
08 Oct 2018 MAS Notice SFA 04-N04 dated 08 Oct 2018 (239.6 KB) takes effect.
Appendix: Reporting format for outstanding credit facility (90.6 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' review of MAS Notice 757 in December 2000.