MAS Compliance Toolkit for Merchant Banks

The Monetary Authority of Singapore (MAS) has issued a revised Compliance Toolkit for Merchant Banks, with the last revision date noted as March 26, 2026. This guidance document aims to assist merchant banks in understanding and adhering to the MAS's requirements for approvals, notifications, and other regulatory submissions.

Merchant banks, including both branches and locally incorporated entities, should review this toolkit to ensure compliance with all relevant regulatory obligations. The toolkit covers a broad range of topics including liquidity risk, technology risk, credit risk, operational risk, corporate governance, fit and proper criteria, specific treasury functions, consumer finance aspects, AML/CFT, financial statements, anti-commingling, statistical returns, and capital adequacy.