Singapore legislation
Clause 55
Clause 55
Amendment of section 74A
Section 74A of the Banking Act is amended —
(a)
by deleting the words “penalty interest charge” wherever they appear and in the section heading and substituting in each case the words “financial penalty”; and
(b)
by deleting the words “, 39 (7), 40 (3) or 77A (3)” and substituting the words “or 39 (7)”.