Singapore legislation

Clause 203

Amendment of Insolvency, Restructuring and Dissolution Act 2018

(1)

Section 72U(3) of the Insolvency, Restructuring and Dissolution Act 2018 is amended —

(a)

by inserting, immediately after paragraph (h), the following paragraph:“(ha)the Financial Services and Markets Act 2022;”; and

(b)

by deleting paragraph (l).

(2)

Section 250(7) of the Insolvency, Restructuring and Dissolution Act 2018 is amended —

(a)

by deleting paragraph (ba) of the definition of “relevant company”; and

(b)

by inserting, immediately after paragraph (c) of the definition of “relevant company”, the following paragraph:“(ca)a financial institution approved under section 4 of the Financial Services and Markets Act 2022;”.

(3)

Paragraph 3 of Article 1 of the Third Schedule to the Insolvency, Restructuring and Dissolution Act 2018 is amended —

(a)

by inserting, immediately after sub‑paragraph (c), the following sub‑paragraph:“(ca)Part 7 or 8 or section 189 of the Financial Services and Markets Act 2022;”; and

(b)

by deleting sub-paragraph (f).

Read in full context — Financial Services and Markets Bill →