Singapore legislation

Section 156

of Monetary Authority of Singapore Act 1970

Section 156

Conditions for provision of assistance to domestic authority

Amended by14/201531/2017

The Authority may, on the request of a domestic authority, provide the assistance referred to in section 157 to the domestic authority, if the Authority is satisfied that all of the following conditions, and all such other conditions as the Authority may determine, are fulfilled:

(a)

the request is received by the Authority on or after 26 June 2015;

(b)

the assistance requested for is intended to enable the domestic authority to carry out any investigation, or take any enforcement action or supervisory action;

(c)

the type and amount of information requested for is proportionate to, and is of sufficient importance to, the investigation or enforcement action or supervisory action;

(d)

the matter to which the request relates is of sufficient gravity.