Singapore legislation
Clause 66
Clause 66
Amendment of section 33
In the MMTA, in section 33 —
(a)
after subsection (1), insert —“(1A) In subsection (1), a constituent entity excludes a securitisation entity unless it is the only constituent entity of the MNE group located in Singapore.”;
(b)
in subsection (2)(a), after “on behalf of”, insert “the”; and
(c)
after subsection (3), insert —“(3A) In subsection (3), a constituent entity excludes a securitisation entity unless it is the only constituent entity of the MNE group located in Singapore.”.