Finance Companies (Maintenance of Reserves) Order 1999
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Finance Companies (Maintenance of Reserves) Order 1999
Status:
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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] |
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Last updated 21 Nov 2024
Singapore Statutes Online is provided by the Legislation Division of the Attorney-General's Chambers of Singapore.