Singapore legislation
Clause 89
Clause 89
Assistance to domestic authorities
Division 3 of Part VC of the MAS Act applies in relation to a request to MAS from a domestic authority for assistance in relation to a VCC as it applies in relation to a request to MAS from a domestic authority for assistance in that Division, subject to the necessary modifications and the following further modifications:
the reference in section 156(a) of the MAS Act to the date of commencement of section 5 of the Monetary Authority of Singapore (Amendment) Act 2015 is to the date of commencement of this Act;
a reference in section 157 of the MAS Act to any prescribed written law or any requirement imposed under any such written law is to any prescribed written law as defined in section 152(1) of that Act or this Act, or any requirement imposed under such prescribed written law or this Act;
the reference in section 157(2) of the MAS Act to a financial institution is to the VCC;
the reference in section 157(2) of the MAS Act to a chief executive, a director, an executive officer, an employee, an agent or an office holder of a financial institution, is to a director, an executive officer, the manager, an employee, an agent or an office holder of the VCC, the custodian of the VCC (being a non‑umbrella VCC) or the custodian of the sub‑fund of a VCC.