Singapore legislation
Clause 4
Clause 4
Amendment of section 169
In the principal Act, in section 169 —
in subsection (1), after paragraph (b), insert —“(ba)a prescribed financial institution (A) —
where A requests risk information from another prescribed financial institution purportedly under section 28D, for the purpose of —
determining whether the request falls within section 28D(1); or
determining whether A has complied with section 28D(2) or (3);
where a prescribed financial institution requests risk information from A under section 28D, for the purpose of determining whether A has complied with section 28D(6) or (7); (iii)where A discloses to another prescribed financial institution any risk information purportedly under section 28E, for the purpose of —
determining whether the disclosure falls within section 28E(1); or
determining whether A has complied with section 28E(2); (iv)where A publishes risk information purportedly under section 28F, for the purpose of —
determining whether all the conditions mentioned in section 28F(1) have been satisfied; or
determining whether A has complied with section 28F(2); (v)for the purpose of determining whether A has made any false or misleading disclosure, publication or correction in contravention of section 28J; or
for the purpose of determining whether A has complied with section 28G(2), 28K(1) or 28N(2) or a requirement of a written notice issued under section 28H;”; and
in subsection (6), after paragraph (a), insert —“(aa)non‑compliance with any provision in Part 4A;”.