Skip to content

Singapore legislation

Regulation 2

of Banking (Exemption from Sections 15A and 15B) Order 2018

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.