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.

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.

Requirements for all merchant banks on the appointment of chief executive and deputy chief executive.

Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.