Singapore legislation
Regulation 2
Regulation 2
Definitions
Subregulation 1
In this Order, unless the context otherwise requires —[Deleted by S 66/2020 wef 28/01/2020](2) In this Order, a person enters Singapore when —
if he arrives in Singapore by sea, he disembarks from the vessel in which he arrives; or
if he arrives in Singapore by air, he leaves the precincts of the airport.
Definition
“bearer payment account” has the meaning given by section 24(5) of the Payment Services Act 2019;
Definition
“capital markets products” has the same meaning as in the Securities and Futures Act 2001;
Definition
“e‑money” has the meaning given by section 2(1) of the Payment Services Act 2019;
Definition
“foreign financial institution” means a bank, merchant bank, finance company, broker or dealer in any capital markets products, insurer or insurer intermediary operating in a country outside Singapore that is licensed, registered or approved by the financial supervisory authority of that country;
Definition
“free trade zone” means any area in Singapore declared as a free trade zone under the Free Trade Zones Act 1966;
Definition
“local financial institution” means —
a bank licensed under the Banking Act 1970;
a merchant bank that is approved as a financial institution under section 28 of the Monetary Authority of Singapore Act 1970;
a finance company licensed under the Finance Companies Act 1967;
the holder of a capital markets services licence under the Securities and Futures Act 2001 to deal in any capital markets products;
a company or society registered under the Insurance Act 1966 as a direct insurer carrying on life business; and
an insurance intermediary licensed under any written law relating to insurance intermediaries if the intermediary arranges contracts of insurance in respect of life business,but does not include a person that has in force a licence granted or deemed to have been granted under section 6 of the Payment Services Act 2019 that entitles the person to carry on a business of providing either a cross-border money transfer service or a money‑changing service, or both;
Definition
“providing custodial services for securities” has the same meaning as in the Securities and Futures Act 2001 .