Notice 1011 Appointment of Chief Executives [Cancelled]
Requirements for all merchant banks on the appointment of chief executive and deputy chief executive.
Monetary Authority of Singapore Act (Cap. 186) section 28(3)
This notice applies to all merchant banks. It sets out the requirements on:
- Appointment of its chief executive and deputy chief executive.
- Responsibilities of the directors, chief executives and deputy chief executives.
Amendment Notes
- 01 Jul 2021
- MAS Notice 1011 (76.1 KB) dated 7 September 2007 is cancelled.
- 07 Sep 2007
- MAS Notice 1011 dated 7 September 2007 takes effect.
- 07 Sep 2007
- MAS Notice 1011 dated 1 November 1985 is cancelled.
Related to this Notice
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DirectivesLast Revised Date: 01 July 2021
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.
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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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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.
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GuidelinesLast Revised Date: 28 June 2021
Guidelines on Risk Management Practices – Board and Senior Management
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
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ActsPublished Date: 30 December 1999
Monetary Authority of Singapore Act 1970
Establishes the Monetary Authority of Singapore (MAS) and gives it the authority to regulate the financial services sector in Singapore.