Examples of Specified Institution in a sentence
If MAS receives such notice from the Specified Institution outside the stipulated period and MAS is of the view that the entry is incorrect, MAS may, at its sole discretion, adjust the entry.
The Specified Institution should take into account its operational and internal control requirements when determining the number of authorised signatories to be submitted to MAS.
MAS’ agreement is required if the Specified Institution intends to submit more than 8 signatories.
The Specified Institution shall notify MAS of any entry that is incorrect.
If MAS receives any notice from the Specified Institution that any entry in the Specified Institution’s statement of account is incorrect within one (1) Business Day after the date the entry was posted and MAS is of the view that the entry is incorrect, MAS shall adjust the entry in the Current Account of the Specified Institution within such time as is reasonably practicable.