33. Prescribed appointment for bank in Singapore of bank incorporated outside Singapore

The appointment of the head of treasury is prescribed as an appointment for the bank in Singapore of a bank incorporated outside Singapore to which section 53A(2)(b) of the Act applies.

In this regulation, “head of treasury”, in relation to the bank in Singapore of a bank incorporated outside Singapore, means any person, by whatever name described, who —

is in the direct employment of, or acting for or by arrangement with, the bank in Singapore; and

is principally responsible for the management and conduct of the treasury operations of the bank in Singapore.

The appointment of the head of treasury is prescribed as an appointment for the bank in Singapore of a bank incorporated outside Singapore to which section 53A(2)(b) of the Act applies.

In this regulation, “head of treasury”, in relation to the bank in Singapore of a bank incorporated outside Singapore, means any person, by whatever name described, who —

is in the direct employment of, or acting for or by arrangement with, the bank in Singapore; and

is principally responsible for the management and conduct of the treasury operations of the bank in Singapore.