Acts
Monetary Authority of Singapore Act (Cap. 186)
Establishes the Monetary Authority of Singapore (MAS) and gives it the authority to regulate the financial services sector in Singapore.
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Monetary Authority of Singapore Act (Cap. 186)
In 1970, Parliament passed the Monetary Authority of Singapore Act, leading to the formation of MAS on 1 January 1971.
The MAS Act gives MAS the authority to regulate the financial services sector in Singapore. MAS has been given powers to act as a banker to and financial agent of the Government. It has also been entrusted to promote monetary stability, and credit and exchange policies conducive to the growth of the economy.
Related to this Item
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NoticesPublished Date: 24 September 2024
Notice 1002 Auditors' Reports and Additional Information to be Submitted with Annual Accounts
Requirements for all merchant banks on the submission of external auditors' reports and additional information, and annual financial statements.
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NoticesLast Revised Date: 17 January 2019
Notice 1003 Submission of Statistics and Returns
Requirements for all merchant banks on the submission of monthly statistical reports, including format, completion notes and timeframe.
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NoticesLast Revised Date: 29 December 2017
Notice 1005 Credit Files, Grading and Provisioning
Requirements for merchant banks on maintaining credit files, grading credit facilities and determining credit loss allowance.
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NoticesLast Revised Date: 23 January 2013
Notice 1112 Reporting of Suspicious Activities & Incidents of Fraud
Requirements for all financial institutions, excluding money brokers, approved under section 28 of the MAS Act on the reporting of suspicious activities and incidents of fraud.
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DirectivesPublished Date: 15 December 2011
Directive 1 Minimum Capital Requirement
Sets out the minimum paid-up capital and minimum capital funds of a merchant bank.
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NoticesLast Revised Date: 07 September 2007
Notice 1011 Appointment of Chief Executives of Branches of Banks Incorporated Outside Singapore
Requirements for all merchant banks on the appointment of chief executive and deputy chief executive.
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NoticesLast Revised Date: 07 September 2007
Notice 1102 Appointment of Head of Treasury and Register of Dealers
Requirements for merchant banks on the appointment of Head of Treasury and changes in dealers.
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DirectivesPublished Date: 19 March 2007
Directive 13 Auditing
Requirement for all merchant banks to appoint annually an auditor approved by MAS.
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DirectivesPublished Date: 19 March 2007
Directive 11 Inspection and Investigation of Merchant Banks
Sets out MAS' inspection powers on all merchant banks.
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DirectivesPublished Date: 19 March 2007
Directive 21 General Penalty
Sets out the financial penalty payable by a merchant bank for failure to comply with requirements imposed under MAS Act Subsection (3) or any condition subject to which an approval is granted under MAS Act Subsection (2).
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NoticesLast Revised Date: 19 March 2007
Notice 1110 Negotiable Certificates of Deposit
Requirements for merchant banks on the issuance and safekeeping of negotiable certificates of deposit.
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NoticesLast Revised Date: 01 March 2006
Notice 1013 Disclosure in Financial Statements
Requirements for merchant banks on disclosure in relation to financial statements.
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Subsidiary LegislationPublished Date: 01 January 2005
Monetary Authority of Singapore (Merchant Banks - Annual Fees) Notification 2005
Sets out the applicable annual fees payable by a merchant bank.
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NoticesLast Revised Date: 01 November 1985
Notice 1007 Appointment of External Auditors
Requirements for all merchant banks on the annual appointment of auditors.