Notices
Last Revised Date: 28 May 2004

Notice SFA 04-N04 Lending of Singapore Dollar to Non-Resident Financial Institutions for Holders of Capital Markets Services Licence

Governs the lending of Singapore dollar by CMS licensees, including requirements for submitting monthly returns.

This notice applies to capital markets services (CMS) licensees dealing in securities; units in CIS; and derivatives contracts where the underlying is a security.

It sets out the requirements for:

  • Extending Singapore dollar credit facilities to non-resident financial institutions.
  • Arranging Singapore dollar equity or bond issues for non-resident financial institutions.
  • Submitting monthly returns on their aggregate outstanding Singapore dollar lending to non-resident financial institutions.

Amendment Notes