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In force2020 Revised Edition

Part 3 · Licensing of Banks

15. Application and interpretation of sections 15A to 18

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(1)

This section and sections 15A to 18 apply to, and in relation to, all individuals whether resident in Singapore or not and whether citizens of Singapore or not, and to all bodies corporate or unincorporate, whether incorporated or carrying on business in Singapore or not.

(2)

In sections 15A to 18, unless the context otherwise requires —[Deleted by Act 13 of 2013 wef 30/06/2022]

“arrangement” includes any formal or informal scheme, arrangement or understanding, and any trust whether express or implied;

“voting share” has the meaning given by section 4(1) of the Companies Act 1967.

Report

Part 4

Reserve Funds, Dividends, Balance Sheets and Information

Part 5

Prohibited Business

Part 6

Minimum Asset Requirements

Part 7

Powers of Control Over Banks, Etc.

Part 7A

Transfer of Business

Part 7B

Merchant Banks

Part 8

Credit Card and Charge Card Businesses

Part 9

Miscellaneous

Schedules