Subsidiary Legislation · As enacted
Banking (Exemption from Sections 15A and 15B) Order 2018
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reg 1Citation and commencement
This Order is the Banking (Exemption from Sections 15A and 15B) Order 2018 and comes into operation on 5 November 2018.
reg 2Exemption from section 15A(1) of Act
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.
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.
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.
reg 3Exemption from section 15B(1) of Act
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.
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.
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.