Singapore legislation

Section 19

of Payment and Settlement Systems (Finality and Netting) Act 2002

Section 19

Appointment of assistants

Amended by4/20184/20184/2018

(1)

Subject to subsection (2), the Authority may appoint any of its officers to exercise any of its powers or perform any of its functions or duties under this Act, either generally or in any particular case, except —

(a)

the power of appointment conferred by this subsection; and

(b)

the power to make subsidiary legislation.

Amended by4/2018

(2)

The Authority may, by notification in the Gazette, appoint one or more of its officers to exercise —

(a)

the power under section 20B(2) to grant an exemption to a particular person; or

(b)

the power under section 20B(3) to revoke an exemption granted under section 20B(2), or to add to, vary or revoke any condition of the exemption.

Amended by4/2018

(3)

Any officer appointed by the Authority under subsection (1) or (2) is deemed to be a public servant for the purposes of the Penal Code 1871.

Amended by4/2018
Section 19 — Payment and Settlement Systems (Finality and Netting) Act 2002