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Exchange Control Circular No. 10/2014
Circular Reference: Exchange Control Circular No. 10/2014
Circular Date: 27 February 2014
Circular Status: Withdrawn
Diversification of investments through domestic channels in syndicated loans
Authorised Dealers are advised of the following amendment to the Exchange Control Rulings:
Section B.2(B)(iv)
A new sub-section (n) has been added as follows:
“(n) Authorised Dealers may participate in foreign syndicated loans regardless of whether the borrower is a resident or not, provided that they are within their macro-prudential foreign exposure limit.”
Replacement pages of the Exchange Control Rulings incorporating the relevant amendment are attached to Exchange Control Circular No. 12/2014 of 2014-02-27.
Head of Department