Singapore legislation

Section 125

of Monetary Authority of Singapore Act 1970

Section 125

Cessation of moratorium, etc., under this Part

Amended by31/20179/2013

(1)

The Minister may, by order in the Gazette, direct that section 59(1) or (2), 67(13), 70(13) or 77, or any part of that provision, ceases to apply to a pertinent financial institution, any business (or any part of the business) of a pertinent financial institution, any share in a pertinent financial institution or any eligible instrument issued by a Division 4A FI or to which it is a party or is subject, and the order has effect according to its terms on the date specified by the Minister in the order.

Amended by31/2017

(2)

In this section, “business” includes affairs, property, right, obligation and liability.

Amended by9/2013
Section 125 — Monetary Authority of Singapore Act 1970