Guidelines on the permitted activities and restrictions for merchant banks.
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.