Regulation 1
Citation and commencement
This Order is the Banking (Exemption from Sections 15A and 15B) Order 2018 and comes into operation on 5 November 2018.
/akn/sg/act/sub_leg/1970/BA-S738-2018
Banking (Exemption from Sections 15A and 15B) Order 2018
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1970
- Sections
- 3
Quick answer
About this subsidiary legislation
Banking (Exemption from Sections 15A and 15B) Order 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S738-2018 1970, currently marked in force and first recorded in 1970.
Regulation 2
Exemption from section 15A(1) of Act
Subregulation 1
The Minister exempts any shareholder of Malayan Banking Berhad from section 15A(1) of the Act, in relation to the shareholder becoming a substantial shareholder of Maybank Singapore Limited by virtue of the shareholder’s interest or interests in one or more voting shares in Malayan Banking Berhad.
Subregulation 2
The Minister exempts Cekap Mentari Berhad from section 15A(1) of the Act, in relation to it becoming a substantial shareholder of Maybank Singapore Limited.
Regulation 3
Exemption from section 15B(1) of Act
Subregulation 1
The Minister exempts any shareholder of Malayan Banking Berhad from section 15B(1) of the Act, in relation to the shareholder becoming a 12% controller, a 20% controller or an indirect controller (as the case may be) of Maybank Singapore Limited by virtue of the shareholder’s interest or interests in one or more voting shares in Malayan Banking Berhad.
Subregulation 2
The Minister exempts Cekap Mentari Berhad from section 15B(1) of the Act, in relation to it becoming a 12% controller, a 20% controller or an indirect controller (as the case may be) of Maybank Singapore Limited.
Common questions
- What is Banking (Exemption from Sections 15A and 15B) Order 2018?
- Banking (Exemption from Sections 15A and 15B) Order 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S738-2018 1970, currently marked in force and first recorded in 1970.
- Is Banking (Exemption from Sections 15A and 15B) Order 2018 still in force?
- Yes — Banking (Exemption from Sections 15A and 15B) Order 2018 is currently in force.
- When did Banking (Exemption from Sections 15A and 15B) Order 2018 take effect?
- Banking (Exemption from Sections 15A and 15B) Order 2018 was first recorded in 1970.
- How many regulations does Banking (Exemption from Sections 15A and 15B) Order 2018 have?
- Banking (Exemption from Sections 15A and 15B) Order 2018 contains 3 regulations.
- Where can I read the official version of Banking (Exemption from Sections 15A and 15B) Order 2018?
- The official text of Banking (Exemption from Sections 15A and 15B) Order 2018 is published at sso.agc.gov.sg.