Notices
 Last Revised Date: 11 June 2021

Notice 1012 Credit Facilities to a Single Borrower or Group of Borrowers

Requirements for merchant banks incorporated in Singapore to limit their exposures to a single borrower or group of borrowers.
Issued pursuant to: Banking Act (Cap. 19) section 55ZE(1)
Applies to: Merchant Bank (Locally Incorporated)
View Notice Notice 1012 Credit Facilities to a Single Borrower or Group of Borrowers (151.7 KB)
This Notice applies to all locally-incorporated merchant banks. It sets out the limits for a locally-incorporated merchant bank’s credit facilities to a single borrower or group of borrowers, and the conditions that must be met for the limit to be increased.

Amendment Notes

01 Jul 2021
MAS Notice 1012 dated 11 June 2021 takes effect.

01 Jul 2021
MAS Notice 1012 (113 KB) and MAS Notice 1012 Appendix 1 (66.2 KB) dated 01 November 1985 are cancelled.

01 Nov 1985
MAS Notice 1012 dated 01 November 1985 takes effect.