Singapore legislation
Clause 8
of Banking Bill
Clause 8
Licence fees
(1)
Every bank in Singapore shall pay such annual licence fee as the Minister may by notification in the Gazette prescribe.
(2)
The Minister may prescribe different licence fees in respect of different classes or categories of banks and such fees shall apply uniformly to such classes or categories.
(3)
The manner of payment of the licence fee shall be as specified by the Commissioner.