Singapore legislation

Clause 95

of Financial Institutions (Miscellaneous Amendments) Bill

Clause 95

Amendment of section 9

In the Trust Companies Act 2005, in section 9, replace subsections (2) and (3) with —“(2) Any licensed trust company that, without reasonable excuse, contravenes subsection (1) shall be guilty of an offence.”.

Clause 95 — Financial Institutions (Miscellaneous Amendments) Bill