Last Revised Date: 21 November 2005

Notice 821 Finance Companies' Acquisition of Shares in Companies

Requirements for finance companies to notify and seek approval for the acquisition of company shares above a certain limit.

This notice applies to all finance companies (FCs) incorporated in Singapore. It sets out the requirements for FCs to notify and seek approval from MAS first if they intend to acquire 20% or more of the share capital of any company. The aim is to ensure that FCs do not diversify into areas which are inconsistent with their business or invest in companies to an undesirable extent.

Amendment Notes

21 Nov 2005
MAS Notice 821 dated 21 November 2005 takes effect.
16 Nov 1984
MAS Notice 821 dated 16 November 1984 is issued.