Singapore legislation

Clause 4

of Monetary Authority of Singapore (Amendment) Bill

Clause 4

Amendment of section 10

Section 10(1) of the principal Act is amended —

(a)

by deleting the words “bank licensed under the Banking Act” and substituting the words “financial institution licensed or approved by the Authority under any written law”; and

(b)

by deleting the marginal reference “Cap. 19.”.

Read in full context — Monetary Authority of Singapore (Amendment) Bill →