Finance Companies Act
(Chapter 108, Section 31(1)(f))
Maintenance of Reserves to be 6% of Liabilities Base
N 1
G.N. No. S 218/1988

REVISED EDITION 1990
(25th March 1992)
[20th April 1987]
The Monetary Authority of Singapore has ordered that the reserves to be maintained with the Monetary Authority of Singapore shall be 6% of the liabilities base of the finance company.