Clause 33

replace the definition of “prescribed written law” with —“ “prescribed written law” means —

for the purpose of Division 3 of Part 9 — this Act or any of the following Acts, and any subsidiary legislation made under this Act or those Acts:

Banking Act 1970;

Credit Bureau Act 2016;

Deposit Insurance and Policy Owners’ Protection Schemes Act 2011;

Finance Companies Act 1967;

Financial Advisers Act 2001;

Financial Holding Companies Act 2013;

Financial Services and Markets Act 2022;

Insurance Act 1966;

Monetary Authority of Singapore Act 1970;

Payment Services Act 2019;

Trust Companies Act 2005;

such other written law as the Authority may prescribe by regulations made under section 341; and

for the purpose of any other provision — this Act or any of the following Acts, and any subsidiary legislation made thereunder:

Banking Act 1970;

Finance Companies Act 1967;

Financial Advisers Act 2001;

Financial Services and Markets Act 2022;

Insurance Act 1966;

Monetary Authority of Singapore Act 1970;

Payment Services Act 2019;

such other written law as the Authority may prescribe by regulations made under section 341;”; and

after the definition of “regulated activity”, insert —“ “regulated financial institution” means a person who carries on a business the conduct of which is regulated or authorised by the Authority or, if it were carried on in Singapore, would be regulated or authorised by the Authority;“regulatory authority”, in relation to a foreign country or jurisdiction, means an authority of the foreign country or jurisdiction exercising any function that corresponds to a regulatory function of the Authority under this Act, the Monetary Authority of Singapore Act 1970 or any of the written laws set out in the Schedule to that Act;”.