2. Exemption from section 15A(1) of Act
Feedback & supportThe Minister exempts any shareholder of Standard Chartered PLC from section 15A(1) of the Act, in relation to the shareholder becoming a substantial shareholder of SC Bank Solutions (Singapore) Limited because of the shareholder’s interest or interests in one or more voting shares in Standard Chartered PLC.
The Minister exempts each of the following entities from section 15A(1) of the Act, in relation to the entity becoming a substantial shareholder of SC Bank Solutions (Singapore) Limited:
Standard Chartered Holdings Limited;
Standard Chartered Bank;
Standard Chartered Holdings (Singapore) Private Limited;
Standard Chartered Bank (Singapore) Limited.
Subregulation 1
The Minister exempts any shareholder of Standard Chartered PLC from section 15A(1) of the Act, in relation to the shareholder becoming a substantial shareholder of SC Bank Solutions (Singapore) Limited because of the shareholder’s interest or interests in one or more voting shares in Standard Chartered PLC.
Subregulation 2
The Minister exempts each of the following entities from section 15A(1) of the Act, in relation to the entity becoming a substantial shareholder of SC Bank Solutions (Singapore) Limited:
Standard Chartered Holdings Limited;
Standard Chartered Bank;
Standard Chartered Holdings (Singapore) Private Limited;
Standard Chartered Bank (Singapore) Limited.