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.
Applies to: Merchant Bank (Branch) , Merchant Bank (Locally Incorporated)
View Document 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] (89.8 KB)

Amendment Notes

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