Banking Act (Chapter 19): Primary legislation that regulates banking business and financial institutions in Singapore. Contains key provisions on banking secrecy and disclosure requirements.
Monetary Authority of Singapore Act (Chapter 186): Establishes regulatory framework for financial institutions and contains provisions on monetary and credit policies.
Securities and Futures Act (Chapter 289): Relevant legislation when the facility involves securities or is part of a structured finance transaction.
Contract Law (Chapter 53): Based on English common law principles, governs the formation and enforcement of contracts in Singapore.
Companies Act (Chapter 50): Key legislation for corporate borrowers, containing provisions on corporate capacity and authority.
MAS Notice 612: Regulatory notice on Credit Files, Grading and Provisioning, providing guidelines on credit assessment and documentation.
MAS Notice 643: Regulatory notice on Transactions with Related Parties, applicable when facility involves related party transactions.
Personal Data Protection Act 2012: Legislation governing the handling and protection of personal data of individuals involved in the transaction.
AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism requirements, including KYC obligations and suspicious transaction reporting.
Moneylenders Act: Relevant legislation if the lender falls within its scope, regulating money lending activities in Singapore.
