Singapore legislation

Clause 206

of Financial Services and Markets Bill

Clause 206

Amendment of Mutual Assistance in Criminal Matters Act 2000

(1)

Section 2(1) of the Mutual Assistance in Criminal Matters Act 2000 is amended by deleting the definition of “financial institution” and substituting the following definition:“ “financial institution” has the meaning given by section 2 of the Financial Services and Markets Act 2022;”.

(2)

The Second Schedule to the Mutual Assistance in Criminal Matters Act 2000 is amended —

(a)

by inserting, immediately after item 105, the following heading and item:“Financial Services and Markets Act 2022 — Offence included with effect from the date of commencement of section 206 of the Financial Services and Markets Act 2022 105A.Section 15(5)Failure or refusal to comply with direction, or contravention of regulations, issued or made to discharge Government’s international obligations, etc.”; and

(b)

by inserting, immediately after the words “Section 27A(5)” in item 171, the words “(as in force immediately before the date of commencement of section 206 of the Financial Services and Markets Act 2022)”.