Singapore legislation
Clause 24
of Deposit Insurance and Policy Owners’ Protection Schemes Bill
Clause 24
Restrictions on entitlement to compensation under DI Scheme
Where the Agency has paid an insured depositor the full amount of compensation payable to the insured depositor or any person referred to in section 22(7) or both, as the case may be, in respect of his insured deposits in accordance with this Act, no other person is entitled, in respect of those same insured deposits, to compensation under this Part.