Last Revised Date: 25 May 2004

Notice 1110 Negotiable Certificates of Deposit

Requirements for merchant banks on the issuance and safekeeping of negotiable certificates of deposit and bearer securities.

This notice applies to merchant banks which issue, or act as an authorised depository for negotiable certificates of deposit (NCDs) or bearer securities. It sets out the requirements on issuance and safekeeping NCDs and bearer securities.

Amendment Notes

25 May 2004
Notice 1110 (Amendment) 2004 takes effect.

01 Mar 2004
MAS Notice 1110 dated 01 March 2014 takes effect.