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LEGISLATIVE AMENDMENTS TO UNSECURED CREDIT RULES BY MAS AND MINISTRY OF LAW

November 2008 - Tax & Private Client. Legal Developments by Loo & Partners.

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In 2006, the Monetary Authority of Singapore (“MAS”) and the Ministry of Law launched a joint public consultation on the proposed changes to the unsecured credit rules and the proposed application of these rules to moneylenders with appropriate modifications.

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