Notices
 Last Revised Date: 20 July 2022

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. 
Issued pursuant to:

Finance Companies Act (Cap. 108)

Applies to: Finance Company
View Notice Notice 814 Provision for and Writing Off of Bad Debts [Cancelled with effect from 21 July 2022] (63 KB)

This notice applies to all finance companies. It sets out the requirements on:

  • Maintenance of adequate provisions for bad and doubtful debts.
  • MAS' approval before writing off bad debts to related parties.

 

Amendment Notes

21 Feb 1978 
MAS Notice 814 dated 21 February 1978 is issued. FC Notice 14 dated 01 November 1973, 20 January 1975 and 01 April 1976 are cancelled.

14 Mar 2005
MAS Notice 814 (Amendment) 2005 takes effect.

21 Jul 2022
MAS Notice 814 (Amendment) 2005 (11.8 KB) is cancelled.