On 19/05/2013,
you requested for the version in force on 19/05/2013
incorporating all amendments published on or before 19/05/2013.
The closest version currently available is that of 28/05/2009.
THE SCHEDULE
Criteria for Determining Whether Facility Is A Syndicated Facility With Syndication Work Carried Out Substantially in Singapore
1. For the purpose of regulation 3(1)(b), a facility shall be treated as a syndicated facility if the following conditions are satisfied:
(a)
the total amount of the facility is at least US$20 million or the equivalent in another currency;
(b)
the facility is documented as one agreement; and
(c)
either —
(i)
the facility has at least 3 lenders and, where there are fewer than 5 lenders, each lender has a share of at least 10% of the total amount of facility; or
(ii)
in the case of a facility which provides guarantee or letter of credit in addition to provision of loan, advance or funds —
(A)
the facility complies with sub-paragraph (i); or
(B)
there are at least 3 issuers of the guarantee or letter of credit and, where there are fewer than 5 issuers, each issuer’s undertaking represents at least 10% of the total amount of the facility.
2. For the purpose of regulation 3(1)(c), the syndication work in respect of a facility shall be treated as being carried out substantially in Singapore if all of the following functions are carried out by the specified financial institution:
(a)
originating and structuring of the facility;
(b)
running the book;
(c)
facility documentation; and
(d)
facility agency.