Banking Act (Cap. 19): Primary legislation governing banking business and credit facilities in Singapore. Contains key provisions regarding credit limits and restrictions on lending activities.
Securities and Futures Act (Cap. 289): Regulatory framework applicable when credit facilities involve securities or trading facilities. Essential for structured finance or securities-backed lending.
Moneylenders Act (Cap. 188): Legislation governing non-bank lenders. Relevant if the credit provider is not a licensed bank or financial institution.
Consumer Protection (Fair Trading) Act: Legislative framework protecting consumer interests in financial transactions, including consumer credit facilities.
MAS Notice 635: Monetary Authority of Singapore guideline specifically addressing lending limits for financial institutions.
MAS Notice 639: Regulatory notice establishing exposure limits for financial institutions to manage credit risk.
MAS Notice 645: Guidelines on total debt servicing ratio requirements for credit facilities.
Contract Law (Cap. 43): Fundamental legislation governing contract formation, validity, terms and conditions in Singapore.
MAS Notice 626: Regulatory requirements for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in lending transactions.
Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data, relevant for handling borrower information in credit transactions.
