Singapore legislation

Clause 83

of Payment Services Bill

Clause 83

Remuneration and expenses of Authority and others in certain cases

The Authority may at any time fix the remuneration and expenses to be paid by a payment entity —

(a)

to a statutory adviser or statutory manager appointed in relation to the payment entity, whether or not the appointment has been revoked; and

(b)

where the Authority has assumed control of the relevant business of a payment entity, to the Authority and any person appointed by the Authority under section 4 in relation to the Authority’s assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.

Clause 83 — Payment Services Bill | laws.sg