Singapore legislation

Clause 53

of Financial Holding Companies Bill

Clause 53

Interpretation of this Part

In this Part, unless the context otherwise requires —“enforce” means enforce through criminal, civil or administrative proceedings;“enforcement” means the taking of any action to enforce a law or regulatory requirement against a specified person, being a law or regulatory requirement that relates to the financial holding companies in the foreign country of the regulatory authority concerned;“foreign country” means a country or territory other than Singapore;“investigation” means an investigation to determine if a specified person has contravened or is contravening a law or regulatory requirement, being a law or regulatory requirement that relates to the financial holding companies in the foreign country of the regulatory authority concerned;“material” includes any book or information in any form whatsoever, and any container or article relating thereto;“prescribed written law” means this Act, or any of the following written laws and any subsidiary legislation made thereunder:

(a)

Banking Act (Cap. 19);

(b)

Finance Companies Act (Cap. 108);

(c)

Financial Advisers Act (Cap. 110);

(d)

Insurance Act (Cap. 142);

(e)

Monetary Authority of Singapore Act (Cap. 186);

(f)

Money-changing and Remittance Businesses Act (Cap. 187);

(g)

Securities and Futures Act (Cap. 289); or

(h)

such other Act as the Authority may prescribe;“regulatory authority”, in relation to a foreign country, means an authority of the foreign country exercising any function that corresponds to a regulatory function of the Authority under this Act;“supervision”, in relation to a regulatory authority, means the taking of any action for or in connection with the supervision of a subject-matter in the foreign country of the regulatory authority similar to that to which this Act pertains.

Definition

“enforce” means enforce through criminal, civil or administrative proceedings;

Definition

“enforcement” means the taking of any action to enforce a law or regulatory requirement against a specified person, being a law or regulatory requirement that relates to the financial holding companies in the foreign country of the regulatory authority concerned;

Definition

“foreign country” means a country or territory other than Singapore;

Definition

“investigation” means an investigation to determine if a specified person has contravened or is contravening a law or regulatory requirement, being a law or regulatory requirement that relates to the financial holding companies in the foreign country of the regulatory authority concerned;

Definition

“material” includes any book or information in any form whatsoever, and any container or article relating thereto;

Definition

“prescribed written law” means this Act, or any of the following written laws and any subsidiary legislation made thereunder:

(a)

Banking Act (Cap. 19);

(b)

Finance Companies Act (Cap. 108);

(c)

Financial Advisers Act (Cap. 110);

(d)

Insurance Act (Cap. 142);

(e)

Monetary Authority of Singapore Act (Cap. 186);

(f)

Money-changing and Remittance Businesses Act (Cap. 187);

(g)

Securities and Futures Act (Cap. 289); or

(h)

such other Act as the Authority may prescribe;

Definition

“regulatory authority”, in relation to a foreign country, means an authority of the foreign country exercising any function that corresponds to a regulatory function of the Authority under this Act;

Definition

“supervision”, in relation to a regulatory authority, means the taking of any action for or in connection with the supervision of a subject-matter in the foreign country of the regulatory authority similar to that to which this Act pertains.

Clause 53 — Financial Holding Companies Bill | laws.sg