Singapore legislation
Section 52
Section 52
Appeal Advisory Committees
(1)
For the purpose of enabling Appeal Advisory Committees to be constituted under section 51, the Minister must appoint a panel (called in this Part the Appeal Advisory Panel) comprising such members from the financial services industry, and the public and private sectors, as the Minister may appoint.
(2)
A member of the Appeal Advisory Panel is to be appointed for a term of not more than 2 years and is eligible for re‑appointment.
(3)
An Appeal Advisory Committee has the power, in the exercise of its functions, to inquire into any matter or thing relating to any trust business or any licensed trust company and may, for this purpose, summon any person to give evidence on oath or affirmation or produce any document or material necessary for the purpose of the inquiry.
(4)
For the purposes of this Act, every member of an Appeal Advisory Committee —
is deemed to be a public servant for the purposes of the Penal Code 1871; and
in case of any suit or legal proceedings brought against the member for any act done or omitted to be done in the execution of the member’s duty under the provisions of this Act, has the like protection and privileges as are by law given to a Judge in the execution of his or her office.
(5)
Every Appeal Advisory Committee must have regard to —
the interest of the public;
the interest of the protected parties of licensed trust companies; and
the safeguarding of sources of information.
(6)
Subject to the provisions of this Part, an Appeal Advisory Committee may regulate its own procedure and is not bound by the rules of evidence.