Singapore legislation
Section 53
Section 53
Remuneration and expenses of Authority and others in certain cases
Amended by1/2007
The Authority may at any time fix the remuneration and expenses to be paid by a bank —
(a)
to a statutory adviser or statutory manager appointed in relation to the bank, whether or not the appointment has been revoked; and
(b)
where the Authority has assumed control of the relevant business of the bank, to the Authority and any person employed or authorised by the Authority under section 3 in relation to its assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.