Notices
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.
Issued pursuant to:
Monetary Authority of Singapore Act (Cap. 186) section 28(3)
This notice applies to all merchant banks. It sets out the requirements on:
- Appointment of its chief executive and deputy chief executive.
- Responsibilities of the directors, chief executives and deputy chief executives.
See also: Guidelines on Fit and Proper Criteria
Amendment Notes
- 07 Sep 2007
- MAS Notice 1011 dated 1 November 1985 is cancelled.
Related to this Notice
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GuidelinesLast Revised Date: 08 October 2018
Guidelines on Fit and Proper Criteria [FSG-G01]
Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Board and Senior Management
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
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DirectivesPublished Date: 19 March 2007
Directive 20 Disqualification of Directors and Employees of Merchant Banks
Requirement for directors and employees of all merchant banks to not continue their role without MAS’ approval, if they become bankrupt, convicted of dishonesty or fraud offence, or had been a director or management of a withdrawn merchant bank.
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DirectivesPublished Date: 19 March 2007
Directive 18 Offences by Directors and Chief Executives of Merchant Banks
Requirement for directors and chief executives of all merchant banks to take all reasonable steps to secure compliance with MAS regulations and accuracy of statements submitted to MAS.
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DirectivesPublished Date: 19 March 2007
Directive 19 Offences by Directors, Employees and Agents
Requirement for directors, employees and agents of all merchant banks to not wilfully make a false entry, omit to make an entry, or alter, conceal or destroy an entry in any books, statements or records of the merchant bank.
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ActsPublished Date: 30 December 1999
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.