Banking Act (Cap. 19): Primary legislation governing banking operations and financial institutions in Singapore, providing the fundamental regulatory framework for banking activities
Monetary Authority of Singapore (MAS) Act: Establishes MAS's regulatory authority and powers over financial institutions, including oversight of memorandum accounts
Financial Advisers Act: Regulates financial advisory services and ensures proper disclosure and handling of financial products
MAS Notice 610: Details requirements for submission of statistics and returns, affecting how memorandum accounts must be reported
MAS Notice 1111: Specifies risk-based capital adequacy requirements that may impact memorandum account structures
MAS Guidelines on Fair Dealing: Outlines principles for fair dealing with customers in financial services
Companies Act (Cap. 50): Governs corporate record-keeping requirements and financial reporting obligations
Income Tax Act: Specifies tax reporting obligations and treatment of various financial accounts
Consumer Protection (Fair Trading) Act: Protects consumer interests in financial transactions and services
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in financial services
Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act: Provides framework for anti-money laundering compliance in financial services
MAS Notice 626: Details requirements for prevention of money laundering and countering the financing of terrorism
Contract Law: Common law principles governing formation and enforcement of contracts in Singapore
Electronic Transactions Act: Governs electronic transactions and digital signatures in financial agreements
MAS Notice 648: Specifies minimum cash balance requirements for financial institutions
Banking (Non-Bank Deposit Taking) Regulations: Regulates deposit-taking activities and related account management requirements
