Singapore legislation
Clause 46
Clause 46
Miscellaneous amendments
(1)
The Banking Act is amended by deleting the word “licence” wherever it appears in the following provisions and substituting in each case the words “bank licence”: Section 2(1) (definition of “bank”) Section 4(1) Section 7(1), (3), (4), (5)(b), (7) and (8) and section heading Section 9(1) Section 9A(1) Section 11A Section 21 (section heading) Section 49(1)(c)(iv) Section 55A (definition of “transferee”).
(2)
Section 20 of the Banking Act is amended —
by deleting the words “that licence” in subsection (1)(a) and substituting the words “that bank licence”; and
by deleting the word “licence” wherever it appears in subsections (1)(a)(ii) and (iii) and (b), (2), (3) and (4) and in the section heading and substituting in each case the words “bank licence”.