Consultation Paper on Related Party Transaction Requirements for Banks 2016
- Consultation number:
- P003-2016
- Start date:
- 25 January 2016
- Closing date:
- 22 February 2016
- MAS response date:
- 21 November 2016
- Status:
- Responded
Notices
Notice 643 Transactions with Related Parties
Requirements for banks when engaging in transactions with their related parties.
Issued pursuant to:
Section 55(1) of the Banking Act (Cap.19)
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.
Amendment Notes
- 01 Oct 2020
- MAS Notice 643 (Amendment) 2020 (294.9 KB) takes effect.
- 01 Oct 2020
- MAS Notice 643 dated 12 Dec 2019 takes effect.
- 21 Nov 2018
- MAS Notice 643 dated 21 Nov 2016 (416.9 KB) is cancelled.
- 21 Nov 2018
- MAS Notice 643 dated 02 Apr 2013 (last revised on 30 June 2014) (159.2 KB) is cancelled.
- 30 Jun 2014
- MAS Notice 643 (Amendment) 2014 (76.9 KB) takes effect.
- 02 Apr 2013
- MAS Notice 643 issued on 02 Apr 2013 (107.4 KB) was issued.