Singapore legislation
Regulation 32
Regulation 32
Prescribed appointments for bank incorporated in Singapore
Amended byS 511/2019 wef 01/08/2019
Subregulation 1
The following appointments are prescribed as appointments in a bank incorporated in Singapore to which section 53A(1)(d) of the Act applies:
(a)
the chief financial officer;
(b)
the chief risk officer;
(c)
the head of treasury;
(d)
the members of the Nominating Committee.
Subregulation 2
Amended byS 511/2019 wef 01/08/2019
In this regulation, “head of treasury”, in relation to a bank incorporated in Singapore, means any person, by whatever name described, who —
(a)
is in the direct employment of, or acting for or by arrangement with, the bank; and
(b)
is principally responsible for the management and conduct of the treasury operations of the bank.