Regulation 2
Exemption from section 15A(1) of Act
of Banking (Exemption from Sections 15A and 15B) Order 2018
Subsidiary LegislationIn forceProvision 2 of 3
Regulation 2
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.