This notice applies to all finance companies (FCs) in Singapore. It stipulates that a finance company cannot purchase or acquire any immovable property that costs more than 25% of its paid-up share capital and published reserves.
This limit does not apply to investments used for business, housing or providing amenities for its staff.
21 Nov 2005
MAS Notice 813 dated 01 December 1983 is revised.
01 Dec 1983
MAS Notice 813 dated 01 December 1983 is issued. BS (FC) Circular No. 3/75 dated 14 March 1975 is cancelled.