This sub-class includes finance companies that are licensed by the Monetary Authority of Singapore (MAS) and governed by the Finance Companies Act. These units are involved in providing fixed and/or saving deposits as well as credit facilities to individuals and/or corporations. Units in this sub-class may not: •offer deposit accounts which are repayable on demand by cheque, draft or order •grant unsecured credit facilities to any person or body of persons, which in the aggregate and outstanding at any one time exceeds S$5, 000 •deal in any foreign currency, gold or other precious metals or acquire foreign currency denominated stocks, shares or debt securities