Singapore legislation

Section 292H

of Securities and Futures Act 2001

Section 292H

Remuneration and expenses of Authority and others in certain cases

Amended by10/201310/2013

(1)

The Authority may at any time fix the remuneration and expenses to be paid by an approved trustee —

(a)

to a statutory manager or statutory adviser appointed in relation to the approved trustee, whether or not the appointment has been revoked; and

(b)

where the Authority has assumed control of the relevant business of the approved trustee, to the Authority and any person appointed by the Authority under section 320 in relation to the Authority’s assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.

Amended by10/2013

(2)

The approved trustee must reimburse the Authority any remuneration and expenses payable by the approved trustee to a statutory manager or statutory adviser.

Amended by10/2013