Directives
Last Revised Date: 01 July 2021

Directive 14 Action by the Authority if a Merchant Bank is Unable to Meet Obligations etc or is Conducting Business to the Detriment of Depositors [Cancelled]

Sets out MAS powers if a merchant bank is unable to meet its obligations, insolvent, or suspend payments, or if MAS determines that it is conducting business to the detriment of depositors.

Amendment Notes

01 Jul 2021
MAS Directive 14 dated 1 November 1985 (last revised on 19 March 2007) is cancelled.