Notice 814 Provision for and Writing Off of Bad Debts [Cancelled with effect from 21 July 2022]
Requirements for all finance companies on the provision for and writing off of bad debts.
Notices
Notice 811 Credit Files, Grading and Provisioning
Requirements for all finance companies on the maintenance of credit files, grading of credit facilities and determination of credit loss allowance.
Issued pursuant to:
Applies to:
Finance Company
This notice applies to all finance companies. It sets out the requirements on:
- Maintenance of credit files and the basic information required for objective credit assessment.
- Grading of credit facilities.
- Recognition of loss allowance for expected credit loss.
Please refer to MAS Notice 811A for the credit grading treatment in relation to the credit facilities granted support measures by finance companies in response to the on-going novel coronavirus ("COVID-19") outbreak.
Amendment Notes
- 16 Mar 2021
- MAS Notice 811 (Amendment) 2021 (239.7 KB) takes effect.
- 01 Jan 2018
- MAS Notice 811 dated 29 December 2017 (355.8 KB) takes effect.
- 01 Jan 2018
- MAS Notice 811 dated 11 March 2005 (40.8 KB) is cancelled.
- 14 Mar 2005
- MAS Notice 811 dated 1 December 1983 is cancelled.
Related to this Notice
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NoticesLast Revised Date: 29 June 2021
Notice 811A Credit Files, Grading and Provisioning - COVID-19
Requirements for finance companies on maintaining credit files, grading credit facilities and determining credit loss allowance.
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ConsultationsPublished Date: 12 May 2017
Consultation Paper on Proposed Amendments to Requirements in Credit Loss Provisioning
- Consultation number:
- P009 - 2017
- Start date:
- 12 May 2017
- Closing date:
- 12 June 2017
- MAS response date:
- 19 October 2017
- Status:
- Responded
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ActsPublished Date: 15 July 2011
Finance Companies Act 1967
Governs the licensing and and regulation of finance companies in Singapore.