Singapore legislation

Clause 70

Recovery of fees, expenses, etc.

There shall be recoverable as a civil debt due to the Authority from the designated financial holding company concerned —

(a)

the amount of the levy payable under section 9; and

(b)

any remuneration and expenses payable by the designated financial holding company to —

(i)

any person appointed under section 42(3);

(ii)

a statutory adviser appointed under section 47(2);

(iii)

a statutory manager appointed under section 47(2); and

(iv)

the Authority or any person appointed by the Authority under section 61 in relation to the Authority assuming control of any businesses of the designated financial holding company under section 47.

Read in full context — Financial Holding Companies Bill →