sg-crest A Singapore Government Agency Website

Directives
 Published 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).
Applies to: Merchant Bank (Branch) , Merchant Bank (Locally Incorporated)
View Document Directive 21 General Penalty (80.2 KB)