Regulation 1
Citation and commencement
This Notification may be cited as the Banking (Exemption from Section 4A (1) and (2)) Notification 2004 and shall come into operation on 7th July 2004.
/akn/sg/act/sub_leg/1970/BA-S411-2004
Banking (Exemption from Section 4A (1) and (2)) Notification 2004
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1970
- Sections
- 2
Quick answer
About this subsidiary legislation
Banking (Exemption from Section 4A (1) and (2)) Notification 2004 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S411-2004 1970, currently marked in force and first recorded in 1970.
Regulation 2
Exemption
Subregulation 1
The Authority hereby exempts Navy Federal Credit Union, an institution licensed and accredited under the laws of the United States of America, from —
(a)
section 4A(1) of the Act, in respect of any deposit accepted in Singapore from any of its members in Singapore; and
(b)
section 4A(2) of the Act, in respect of any offer or invitation —
(i)
to make any deposit; or
(ii)
to enter or offer to enter into any agreement to make any deposit,in connection with the provision of services in Singapore by Navy Federal Credit Union for which it is licensed and accredited under the laws of the United States of America.
Subregulation 2
The exemption is subject to such conditions as may be specified in letters issued from time to time by the Authority.
Common questions
- What is Banking (Exemption from Section 4A (1) and (2)) Notification 2004?
- Banking (Exemption from Section 4A (1) and (2)) Notification 2004 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S411-2004 1970, currently marked in force and first recorded in 1970.
- Is Banking (Exemption from Section 4A (1) and (2)) Notification 2004 still in force?
- Yes — Banking (Exemption from Section 4A (1) and (2)) Notification 2004 is currently in force.
- When did Banking (Exemption from Section 4A (1) and (2)) Notification 2004 take effect?
- Banking (Exemption from Section 4A (1) and (2)) Notification 2004 was first recorded in 1970.
- How many regulations does Banking (Exemption from Section 4A (1) and (2)) Notification 2004 have?
- Banking (Exemption from Section 4A (1) and (2)) Notification 2004 contains 2 regulations.
- Where can I read the official version of Banking (Exemption from Section 4A (1) and (2)) Notification 2004?
- The official text of Banking (Exemption from Section 4A (1) and (2)) Notification 2004 is published at sso.agc.gov.sg.