Singapore legislation
Clause 29
Clause 29
Amendment of section 122
Section 122 of the principal Act is amended by deleting paragraph (a) and substituting the following paragraph:“(a)any sale, transfer, assignment or other disposition of any property or business of a pertinent financial institution pursuant to section 58 or 64 must not be reversed, repaid or set aside, except where a certificate has been issued under section 62 to reverse such sale, transfer, assignment or other disposition; and”.