Singapore legislation

Clause 3

of Monetary Authority of Singapore (Amendment) Bill

Clause 3

Amendment of section 7

Section 7 (3) of the principal Act is amended by deleting paragraphs (a), (b), (c) and (d) and substituting the following paragraphs:“(a)the Minister who shall be the chairman; and

(b)

six other directors, one of whom shall be the deputy chairman, appointed in accordance with sections 8 and 9.”.

Clause 3 — Monetary Authority of Singapore (Amendment) Bill