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Foreign Branches of Singapore FIs May Offer Cross-Border Services under a Business Arrangement Subject to Ex-Post Notification

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02 April 2021

Foreign Branches of Singapore FIs May Offer Cross-Border Services under a Business Arrangement Subject to Ex-Post Notification.
The MAS has proposed allowing foreign head offices and branch offices of Singapore FIs to provide cross-border financial services to customers in Singapore by a system of ex-post notification. This will do away with the current need for branch offices to fully comply with local conduct and registration requirement. Download PDF to read the full update.

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