Notices
 Last Revised Date: 28 June 2021

Notice 1110 Negotiable Certificates of Deposit

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

Banking Act (Cap.19) section 55(1) as applied by section 55ZJ(1)

Applies to: Merchant Bank (Locally Incorporated) , Merchant Bank (Branch)
View Notice Notice 1110 Negotiable Certificates of Deposit (420.4 KB)

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

01 Jul 2021
MAS Notice 1110 dated 28 June 2021 takes effect.

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

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