Clause 10

by inserting, immediately after “40” in the second line of subsection (2), the words “or to the carrying out of the Authority’s function of supervising the financial condition of any bank”;

by inserting, immediately after the word “their” in subsection (4)(a), the word “written”;

by deleting the words “relating to a banking transaction” in subsection (4)(c)(i) and substituting the words “or his guarantor relating to the customer’s banking transaction”;

by inserting, immediately after subsection (4)(d), the following paragraphs:“(e)the bank has been served with a garnishee order attaching monies in the account of the customer;

the information relates solely to credit facilities granted by a branch of a bank incorporated outside Singapore and the information is required by its head office;”;

by renumbering the existing paragraph (e) as paragraph (g);

by inserting, immediately after the word “transaction” at the end of paragraph (g), the words “so long as the information required is of a general nature and in no way related to the details of a customer’s account”; and

by inserting, immediately after the definition of “official of any bank” in subsection (8), the following definition:“ “professional relationship” includes a relationship between a bank and a computer bureau, being a relationship that has been approved by the Authority, and such other relationship with a bank as the Authority may from time to time decide;”.