Clause 29

by deleting paragraph (c) of subsection (1) and substituting the following paragraph:“(c)thirdly, deposit liabilities incurred by the bank with non‑bank customers other than those specified in paragraph (b), which are incurred —

in Singapore dollars; or

on terms under which the deposit liabilities may be discharged by the bank in Singapore dollars;”;

by deleting the words “when operating an Asian Currency Unit approved under section 77” in subsection (1)(d);

by deleting the words “paragraph (b)” in subsection (1)(d) and substituting the words “paragraphs (b) and (c)”;

by deleting the words “section 61 and this section, “deposit liabilities of a bank” ” in subsection (3) and substituting the words “this section, “deposit liabilities”, in relation to a bank,”; and

by deleting the words “ “deposit liabilities of a bank” ” in subsection (4A) and substituting the words “ “deposit liabilities” ”.