Notice SFA 04-N04 Lending of Singapore Dollar to Non-Resident Financial Institutions for Holders of Capital Markets Services Licence
Governs the lending of Singapore dollar by CMS licensees, including requirements for submitting monthly returns.
This notice applies to capital markets services (CMS) licensees dealing in securities; units in CIS; and derivatives contracts where the underlying is a security.
It sets out the requirements for:
- Extending Singapore dollar credit facilities to non-resident financial institutions.
- Arranging Singapore dollar equity or bond issues for non-resident financial institutions.
- Submitting monthly returns on their aggregate outstanding Singapore dollar lending to non-resident financial institutions.
Governs the lending of S$ by insurers (except captive insurers) to non-resident financial institutions, including requirements for submitting monthly returns.
Consultation on proposed (i) new Notice and Guidelines on Risk Fact Sheet for Contracts for Differences; (ii) amendments to Notice on Risk-Based Capital Adequacy Requirements; (iii) amendments to Notices relating to the lending of Singapore dollar to non-resident financial institutions; and (iv) new guidelines on statutory definition of common investors pertaining to insider trading.
- Consultation number:
- P018 - 2017
- Start date:
- 06 October 2017
- Closing date:
- 03 November 2017
- MAS response date:
- 01 October 2018
Provides clarifications to some frequently asked questions on MAS Notice 757 and equivalent notices.
Outlines MAS' review of MAS Notice 757 in December 2000.