Regulation 23
Verifying specified income of cardholder with no fixed monthly income
of Banking (Credit Card and Charge Card) Regulations 2013
Subsidiary LegislationIn forceProvision 26 of 30
Regulation 23
Amended byS 319/2015 wef 01/06/2015
Subregulation 1
For the purposes of regulation 17(6)(b)(i), in verifying the specified income of a Singapore cardholder who does not have a fixed monthly income, a card issuer may rely on the most recent Notice of Assessment from IRAS pertaining to the cardholder even if the Notice is dated more than 3 months before the date specified in regulation 17(6)(b)(i).
Subregulation 2
Amended byS 319/2015 wef 01/06/2015
In paragraph (1), “specified income” has the same meaning as in regulation 17(10).