Notice 109 Lending of Singapore Dollar to Non-Resident Financial Institutions

Governs the lending of S$ by insurers (except captive insurers) to non-resident financial institutions, including requirements for submitting monthly returns.

Issued pursuant to:

Insurance Act (Cap. 142) section 64(2)

Applies to: Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite) , Reinsurer (Life) , Reinsurer (General) , Reinsurer (Composite)

View Notice Notice 109 Lending of Singapore Dollar to Non-Resident Financial Institutions (137 KB)

This notice applies to all insurers, except captive insurers. It sets out the requirements for insurers when extending Singapore dollar credit facilities to non-resident financial institutions.

It also sets out requirements for insurers to submit monthly returns to MAS on their aggregate outstanding Singapore dollar lending to non-resident financial institutions.

05 Oct 2018: Notice 109 (Amendment) 2018 (239.6 KB)takes effect from 8 Oct 2018.
28 May 2004: Notice 109 dated 28 May 2004 (208 KB) takes effect.

Appendix 1: Format of Outstanding S$ Credit Facility Monthly Report (92.4 KB)

Consultations

Published Date: 06 October 2017

Consultation Paper I on Draft Notices and Guidelines Pursuant to the Securities and Futures Act

Consultation on proposed (i) new Notice and Guidelines on Risk Fact Sheet for Contracts for Differences; (ii) amendments to Notice on Risk-Based Capital Adequacy Requirements; (iii) amendments to Notices relating to the lending of Singapore dollar to non-resident financial institutions; and (iv) new guidelines on statutory definition of common investors pertaining to insider trading.

Advisory and Sales Capital and Financial Resources

Consultation number:

P018 - 2017

Start date:

06 October 2017

Closing date:

03 November 2017

MAS response date:

01 October 2018

Status:

Responded
Circulars

Published Date: 28 May 2004

RMD 29/04 MAS Notice 109 - Lending of Singapore Dollar to Non-Resident Financial Insitutions

Outlines MAS’ policy review of MAS Notice 109 in May 2004.

SGD FX and Interest Rates
FAQs

Published Date: 28 May 2004

FAQ on MAS Notice 757 and Equivalent Notices

Provides clarifications to some frequently asked questions on MAS Notice 757 and equivalent notices.

SGD FX and Interest Rates
Circulars

Published Date: 06 December 2000

Internationalisation of the Singapore Dollar

Outlines MAS' review of MAS Notice 757 in December 2000.

SGD FX and Interest Rates