Notices
Last Revised Date: 21 November 2005

Notice 820 Credit Facilities to a Single Borrower or Group of Borrowers

Requirements for all finance companies to limit their exposures to a single borrower or group of borrowers.

Issued pursuant to:

Finance Companies Act (Cap. 191) section 23(1)(d)

Applies to: Finance Company
This notice applies to all finance companies. It sets out the limit of the credit facilities granted to a single borrower or any group of borrowers.

Amendment Notes

21 Nov 2005
MAS Notice 820 dated 16 November 1984 is revised.
16 Nov 1984
MAS Notice 820 dated 16 November 1984 is issued.