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

Issued pursuant to:

Finance Companies Act (Cap. 108)

View Notice Notice 814 Provision for and Writing Off of Bad Debts (11.8 KB)

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

Maintenance of adequate provisions for bad and doubtful debts.
MAS' approval before writing off bad debts to related parties.

14 Mar 2005: MAS Notice 814 (Amendment) 2005 takes effect. FC Notice 14 dated 01 November 1973, 20 January 1975 and 01 April 1976 are cancelled.