Directives
Directive 20 Disqualification of Directors and Employees of Merchant Banks [Cancelled]
Requirement for disqualified directors and employees of all merchant banks to seek MAS’ written consent to continue their appointment or employment in the merchant bank.
Amendment Notes
- 01 Jul 2021
- MAS Directive 20 dated 1 November 1985 (last revised on 19 March 2007) is cancelled.
Related to this Item
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DirectivesLast Revised Date: 01 July 2021
Directive 19 Offences by Directors, Employees and Agents [Cancelled]
Requirement for directors, employees and agents of all merchant banks to not wilfully make a false entry, omit to make an entry, or alter, conceal or destroy an entry in any books, statements or records of the merchant bank.
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DirectivesLast Revised Date: 01 July 2021
Directive 18 Offences by Directors and Chief Executives of Merchant Banks [Cancelled]
Requirement for directors and chief executives of all merchant banks to take all reasonable steps to secure compliance with MAS regulations and accuracy of statements submitted to MAS.
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NoticesLast Revised Date: 29 June 2021
Notice 1011 Appointment of Chief Executives [Cancelled]
Requirements for all merchant banks on the appointment of chief executive and deputy chief executive.
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GuidelinesPublished Date: 28 June 2021
Guidelines on Fit and Proper Criteria [FSG-G01]
Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.