Notices
Last Revised Date: 30 June 2021

Notice 631 Meaning of Customer under Section 40A

Exclusions from the term "customer" under section 40A of the Banking Act.

This notice applies to all banks in Singapore. It specifies that, under section 40A of the Banking Act, the term "customer" also excludes any company carrying on merchant banking business or investment banking business.

Amendment Notes

1 Jul 2021
MAS Notice 631 dated 30 Jun 2021 takes effect. MAS Notice 631 dated 18 Jul 2001 (81.6 KB) is cancelled.