Singapore legislation
Clause 71
of Banking Bill
Clause 71
Repeal
(1)
The Banking Ordinance, 1958 (M. Ord. 62 of 1958), of Malaysia and the Banking (Amendment and Extension) Act, 1965 (M. Act 17 of 1965), of Malaysia shall cease to apply to Singapore and such cesser shall be deemed to be a repeal for the purposes of the Interpretation Act, 1965 (Act 10 of 1965).
(2)
All regulations, instructions, orders and decisions made under or in accordance with the Banking Ordinance, 1958, as amended and extended by the Banking (Amendment and Extension) Act, 1965, shall remain valid and binding and shall be deemed to have been made under the provisions of this Act until they are amended or repealed.