Directives

Last Revised Date: 01 July 2021

Directive 1 Minimum Capital Requirement [Cancelled]

Sets out the minimum paid-up capital and minimum capital funds of a merchant bank.

Capital Adequacy

Applies to: Merchant Bank (Branch) , Merchant Bank (Locally Incorporated)

View Document Directive 1 Minimum Capital Requirement [Cancelled] (32.2 KB)

01 Jul 2021: MAS Directive 1 dated 15 December 2011 is cancelled.
01 Apr 2012: MAS Directive 1 dated 15 December 2011 takes effect.
01 Apr 2012: MAS Directive 1 dated 1 November 1985 is cancelled.

Notices

Last Revised Date: 28 June 2021

Notice 1001 Definition of Capital Funds and Head Office Capital Funds

Definition of “capital funds” and “head office capital funds” for merchant banks.

Capital Adequacy
Acts

Published Date: 30 December 1999

Monetary Authority of Singapore Act 1970

Establishes the Monetary Authority of Singapore (MAS) and gives it the authority to regulate the financial services sector in Singapore.

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