Notice 1005 Credit Files, Grading and Provisioning
Requirements for merchant banks on maintaining credit files, grading credit facilities and determining credit loss allowance.
Acts
Monetary Authority of Singapore Act (Cap. 186)
Establishes the Monetary Authority of Singapore (MAS) and gives it the authority to regulate the financial services sector in Singapore.
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Monetary Authority of Singapore Act (Cap. 186)
In 1970, Parliament passed the Monetary Authority of Singapore Act, leading to the formation of MAS on 1 January 1971.
The MAS Act gives MAS the authority to regulate the financial services sector in Singapore. MAS has been given powers to act as a banker to and financial agent of the Government. It has also been entrusted to promote monetary stability, and credit and exchange policies conducive to the growth of the economy.
Related to this Item
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NoticesLast Revised Date: 21 December 2020
Notice 1013 Disclosure in Financial Statements
Covers disclosure requirements in relation to a merchant bank's financial statements.
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NoticesLast Revised Date: 31 August 2020
Notice 1003 Submission of Statistics and Returns
Requirements for merchant banks submitting returns to MAS, including reporting forms, completion notes and submission timeframe.
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NoticesLast Revised Date: 29 March 2019
Notice 1002 Auditors' Reports and Additional Information to be Submitted with Annual Accounts
Requirements for all merchant banks on the submission of external auditors' reports and additional information, and annual financial statements.
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NoticesLast Revised Date: 23 January 2013
Notice 1112 Reporting of Suspicious Activities & Incidents of Fraud
Requirements for all financial institutions, excluding money brokers, approved under section 28 of the MAS Act on the reporting of suspicious activities and incidents of fraud.
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DirectivesPublished Date: 15 December 2011
Directive 1 Minimum Capital Requirement
Sets out the minimum paid-up capital and minimum capital funds of a merchant bank.
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NoticesLast Revised Date: 07 September 2007
Notice 1102 Appointment of Head of Treasury and Register of Dealers
Requirements for merchant banks on the appointment of Head of Treasury and changes in dealers.
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NoticesLast Revised Date: 07 September 2007
Notice 1011 Appointment of Chief Executives
Requirements for all merchant banks on the appointment of chief executive and deputy chief executive.
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Subsidiary LegislationPublished Date: 01 January 2005
Monetary Authority of Singapore (Merchant Banks - Annual Fees) Notification 2005
Sets out the applicable annual fees payable by a merchant bank.
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NoticesLast Revised Date: 25 May 2004
Notice 1110 Negotiable Certificates of Deposit
Requirements for merchant banks on the issuance and safekeeping of negotiable certificates of deposit and bearer securities.
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DirectivesPublished Date: 01 November 1985
Directive 21 General Penalty
Sets out the financial penalty payable by a merchant bank for any non-compliance with MAS’ directions or conditions of approval.
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DirectivesPublished Date: 01 November 1985
Directive 11 Inspection and Investigation of Merchant Banks
Sets out MAS' inspection powers on all merchant banks.
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DirectivesPublished Date: 01 November 1985
Directive 13 Auditing
Requirements for merchant banks on the annual appointment of auditors.
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NoticesPublished Date: 01 November 1985
Notice 1007 Appointment of External Auditors
Requirements for all merchant banks on the annual appointment of auditors.