Notices
Last Revised Date: 28 June 2021

Notice 1105 Lending of Singapore Dollar to Non-Resident Financial Institutions

Governs the lending of SGD by merchant banks to non-resident financial institutions, including requirements for submitting monthly returns.

This notice applies to all merchant banks in Singapore. It sets out the requirements for merchant banks when:

  • Extending Singapore dollar credit facilities to non-resident financial institutions.
  • Arranging Singapore dollar equity or bond issues for non-resident financial institutions.

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

Amendment Notes

1 Jul 2021
MAS Notice 1105 dated 28 June 2021 takes effect from 1 July 2021.
1 Jul 2021
MAS Notice 1105 dated 28 May 2004 (last revised on 5 October 2018) is cancelled.

28 May 2004
MAS Notice 1105 dated 20 March 2002 is cancelled.