Finance Companies (Maintenance of Reserves) Order 1999
Status:
Published in Subsidiary Legislation Supplement
on 15 Oct 1999
on 15 Oct 1999
Please check the legislation timeline to ensure that you are viewing the correct legislation version. See also FAQ B3.
Versions
or
find current version as at
Finance Companies (Maintenance of Reserves) Order 1999
Status:
Published in Subsidiary Legislation Supplement on 15 Oct 1999
Search within Legislation
No. S 457
| Finance Companies Act |
(Chapter 108)
| Finance Companies (Maintenance of Reserves) Order 1999 |
|
| Citation and commencement |
| 1. This Order may be cited as the Finance Companies (Maintenance of Reserves) Order 1999 and shall be deemed to have come into operation on 17th December 1998. |
| Reserves |
| 2. The reserves to be maintained by a finance company with the Monetary Authority of Singapore shall be 3% of the liabilities base of the finance company. |
| Cancellation |
| 3. Notification N 1 is cancelled. |
Made this 11th day of October 1999.
Managing Director, Monetary Authority of Singapore. |
| [FSG FC 019/75 V2; AG/LEG/SL/108/1999/1 Vol. 1] |