Clause 24

by deleting subsection (1) and substituting the following subsection:“(1) The Authority may, from time to time, by notice in writing to any bank in Singapore or class of banks in Singapore, impose requirements in relation to the minimum amount or amounts of liquid assets to be held by the bank or class of banks, having regard to the risks arising from the activities of the bank or class of banks, as the case may be, and such other factors as the Authority considers relevant.”;

by deleting the word “prescribed” in the 1st line of subsection (2) and substituting the word “required”;

by deleting the word “uniform” in subsection (3); (d)by inserting, immediately after the word “bank” in subsection (6), the words “in Singapore”;

by inserting at the end of subsection (9)(b), the word “and”;

by deleting paragraphs (c), (d) and (e) of subsection (9); and

by re-lettering paragraph (f) of subsection (9) as paragraph (c) of that subsection.