Notices

Last Revised Date: 29 December 2017

Notice 811 Credit Files, Grading and Provisioning

Requirements for all finance companies on the maintenance of credit files, grading of credit facilities and determination of credit loss allowance.

Credit Risk

Issued pursuant to:

Finance Companies Act (Cap. 108) section 30

View Notice Notice 811 Credit Files, Grading and Provisioning

This notice applies to all finance companies. It sets out the requirements on:

Maintenance of credit files and the basic information required for objective credit assessment.
Grading of credit facilities.
Recognition of loss allowance for expected credit loss.

01 Jan 2018: MAS Notice 811 dated 11 March 2005 (40.8 KB) is cancelled.
14 Mar 2005: MAS Notice 811 dated 1 December 1983 is cancelled.

Consultations

Published Date: 12 May 2017

Consultation Paper on Proposed Amendments to Requirements in Credit Loss Provisioning

Consultation number:

P009 - 2017

Start date:

12 May 2017

Closing date:

12 June 2017

MAS response date:

19 October 2017
Acts

Published Date: 15 July 2011

Finance Companies Act (Cap. 108)

Governs the licensing and and regulation of finance companies in Singapore.
Notices

Last Revised Date: 11 March 2005

Notice 814 Provision for and Writing Off of Bad Debts

Requirements for all finance companies on the provision for and writing off of bad debts.

Credit Risk