This Notice is issued pursuant to Section 27 of the Monetary Authority of Singapore ("MAS") Act (Cap. 186). All merchant banks approved under section 28 of the MAS Act are required to submit the following returns to the Authority: -
(a) Not later than 10 days after the last day of each month, a monthly return called "Monthly Statement of Assets and Liabilities", in respect of operations in both the Domestic Banking Unit and Asian Currency Unit, according to the format at Appendix 1. Notes for completion are at Appendix 1A. The Appendix is accompanied by Annexes 1A to 1H. The statement shall be submitted within 10 days after the end of each month.
(b) Not later than 10 days after the last day of each month, a monthly return called "Return on Monthly Foreign Exchange Business Transacted", according to the format at Appendix 2. Notes for completion are at Appendix 2A. The return shall be submitted within 10 days after the end of each month.
(c) Not later than 10 days after the last day of each quarter, a quarterly return called "Quarterly Return on Classified Exposures". Notes for completion are at Appendix 3A. The return shall be submitted within 10 days after the end of each quarter.
Appendix 1: Monthly Statement of Assets and Liabilities (Amended)
[MAS Notice 1003 (Amendment) 2005]
Appendix 2: Return on Monthly Foreign Exchange Business Transacted
Appendix 3: Quarterly Return on Classified Exposures
* Notes on History of Amendments
1. MAS Notice 1003 (Amendment) 2005 with effect from 1 July 2005
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