PROPERTY SECTOR EXPOSURE
—(1) The property sector exposure of a bank in Singapore shall not exceed 35% of the total eligible assets of that bank.
(2) Notwithstanding paragraph (1), the Authority may, if it considers appropriate in the particular circumstances of a bank in Singapore, require the property sector exposure of that bank not to exceed such other percentage as it may determine, for such period and subject to such conditions as it may determine.
(3) Any bank which contravenes this regulation shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine of $10,000 for every day or part thereof during which the offence continues after conviction.
9. Every bank in Singapore shall, within 10 days from 31st March, 30th June, 30th September and 31st December of each year, submit a return to the Authority on its property sector exposure in the form set out in the First Schedule.