Clause 30

by inserting, immediately after the words “bank in Singapore” in subsections (1) and (2)(a) and (b), the words “or subsidiary incorporated in Singapore of a bank incorporated in Singapore”;

by inserting, immediately after the words “the bank” wherever they appear in subsections (1) and (4), the words “or subsidiary”;

by inserting, immediately after the words “that bank” wherever they appear in subsection (2)(a) and (b), the words “or subsidiary”;

by deleting subsection (3) and substituting the following subsection:“(3) In granting written approval for any disclosure under subsection (2)(d), the Authority may impose such conditions or restrictions as it thinks fit on the bank, the subsidiary, any officer or auditor of the bank or subsidiary, or the person to whom disclosure is approved, and the bank, subsidiary, officer, auditor or person (as the case may be) must comply with those conditions or restrictions.”; and

by deleting the words “subsection (1)” in subsection (4) and substituting the words “subsections (1) and (3)”.