Published Date: 21 May 2019

Consultation Paper on Regulating Merchant Banks under the Banking Act

This consultation sets out MAS’ proposals to consolidate the regulation of MBs under the Banking Act upon removal of the DBU-ACU divide. MAS also proposes to move MBs to a licensing regime from the current approval framework under the Monetary Authority of Singapore Act.
Consultation Number:
Start Date:
21 May 2019
Closing Date:
19 June 2019
MAS Response Date:
05 November 2019
Response date: 05 Nov 2019
The consultation response was published on 05 November 2019.