This notice applies to all merchant banks. It sets out the conditions for outsourcing operational functions when such functions involve disclosure of customer information, and which will be performed outside Singapore.
Amendment Notes
01 Jul 2021
MAS Notice 1108 dated 28 Jun 2021 takes effect. MAS Notice 1108 dated 19 Feb 2003 (last revised on 25 May 2004) is cancelled (179.2 KB).