Banking (Merchant Banks) Regulations 2021 · As enacted · Part 7 · Exposure to Immovable Property Sector
30. Property sector exposure limit
Feedback & supportThe property sector exposure of a merchant bank in Singapore must not exceed 35% of the total eligible assets of the merchant bank.
Despite paragraph (1), the Authority may, in any particular case, vary the property sector exposure limit of a merchant bank in Singapore to be any other percentage for any period specified by the Authority, if the specified circumstances are satisfied.
A merchant bank in Singapore that contravenes this regulation shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine of $10,000 for every day or part of a day during which the offence continues after conviction.
Subregulation 1
The property sector exposure of a merchant bank in Singapore must not exceed 35% of the total eligible assets of the merchant bank.
Subregulation 2
Despite paragraph (1), the Authority may, in any particular case, vary the property sector exposure limit of a merchant bank in Singapore to be any other percentage for any period specified by the Authority, if the specified circumstances are satisfied.
Subregulation 3
A merchant bank in Singapore that contravenes this regulation shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine of $10,000 for every day or part of a day during which the offence continues after conviction.