Singapore legislation
Regulation 33
Regulation 33
Prescribed appointment for bank in Singapore of bank incorporated outside Singapore
Amended byS 511/2019 wef 01/08/2019
Subregulation 1
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.
Subregulation 2
Amended byS 511/2019 wef 01/08/2019
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 —
(a)
is in the direct employment of, or acting for or by arrangement with, the bank in Singapore; and
(b)
is principally responsible for the management and conduct of the treasury operations of the bank in Singapore.