Singapore legislation

Section 55ZL

of Banking Act 1970

Section 55ZL

Application of Fifth Schedule

Amended by1/2020

Subject to section 55R, the Fifth Schedule applies to or in relation to a merchant bank or a merchant bank in Singapore as it applies to or in relation to a bank or a bank in Singapore, except that the reference to a major stake is to a major stake as defined in section 55ZF(2)(a).