Cancellation of Notices and Directives issued under the Monetary Authority of Singapore Act to Merchant Banks

Notice to cancel Notices and Directives issued under the Monetary Authority of Singapore Act to Merchant Banks

Issued pursuant to: Section 28(3) of the MAS Act

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

View Notice Cancellation of Notices and Directives issued under the Monetary Authority of Singapore Act to Merchant Banks (131.6 KB)

This Notice cancels the Notices and Directives issued under the Monetary Authority of Singapore Act to Merchant Banks (MBs), as MBs will be licensed and regulated under the Banking Act from 1 July 2021.

There are no amendment notes for this notice.

Consultations

Last Revised Date: 30 June 2021

Consultation Paper on Proposed Amendments to Regulations, Notices and Guidelines Arising from the Banking (Amendment) Act 2020 and Other Changes

This consultation paper sets out the remaining amendments to Regulations, Notices and Guidelines for the rest of the Banking (Amendment) Act 2020 (BAA) that have not yet commenced.

Consultation number:

P010-2020

Start date:

02 December 2020

Closing date:

15 January 2021

MAS response date:

30 June 2021

Status:

Responded
Consultations

Published Date: 21 May 2019

Consultation Paper on Regulating Merchant Banks under the Banking Act

This consultation sets out MAS’ proposals to consolidate the regulation of MBs under the Banking Act upon removal of the DBU-ACU divide. MAS also proposes to move MBs to a licensing regime from the current approval framework under the Monetary Authority of Singapore Act.

Consultation number:

P009-2019

Start date:

21 May 2019

Closing date:

19 June 2019

MAS response date:

05 November 2019

Status:

Responded