Singapore legislation

Clause 53

of Credit Bureau Bill

Clause 53

Interpretation of this Part

In this Part, unless the context otherwise requires —“business” includes affairs and property;“office‑holder”, in relation to a licensed credit bureau, means any person acting as the liquidator, provisional liquidator, receiver, receiver and manager, judicial manager or an equivalent person of the licensed credit bureau;“relevant business”, in relation to a licensed credit bureau, means any of its business —

(a)

in relation to which a statutory adviser has been appointed under section 54(2)(b);

(b)

in relation to which a statutory manager has been appointed under section 54(2)(c); or

(c)

that the Authority has assumed control of under section 54(2)(c);“statutory adviser” means a statutory adviser appointed under section 54(2)(b);“statutory manager” means a statutory manager appointed under section 54(2)(c).

Definition

“business” includes affairs and property;

Definition

“office‑holder”, in relation to a licensed credit bureau, means any person acting as the liquidator, provisional liquidator, receiver, receiver and manager, judicial manager or an equivalent person of the licensed credit bureau;

Definition

“relevant business”, in relation to a licensed credit bureau, means any of its business —

(a)

in relation to which a statutory adviser has been appointed under section 54(2)(b);

(b)

in relation to which a statutory manager has been appointed under section 54(2)(c); or

(c)

that the Authority has assumed control of under section 54(2)(c);

Definition

“statutory adviser” means a statutory adviser appointed under section 54(2)(b);

Definition

“statutory manager” means a statutory manager appointed under section 54(2)(c).