Singapore legislation

Section 29B

of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011

Section 29B

Regulations for this Part

Amended by31/2017

The Authority may, in consultation with the Agency and with the approval of the Minister, make regulations for the purpose of section 29A, including for the following matters:

(a)

the procedure for making payments out of or to the DI Fund;

(b)

the manner of determining, for the purposes of section 29A(2), the amounts that the Agency would have been repaid from or out of the assets of the DI Scheme member under section 27.

Section 29B — Deposit Insurance and Policy Owners’ Protection Schemes Act 2011