- Consultation number:
- Start date:
- 25 January 2016
- Closing date:
- 22 February 2016
- MAS response date:
- 21 November 2016
Last Revised Date: 28 June 2021
Notice 643 Transactions with Related Parties
Requirements for banks when engaging in transactions with their related parties.
This notice applies to all banks. It sets out the definition, scope and general principle governing transactions with related parties, and the responsibilities of banks to maintain oversight and control over their related party transactions in order to mitigate the risk of abuse arising from conflicts of interest.