Laws
Deposit Insurance Act
s 12

In force2006 Revised EditionCurrent version · 2006 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)

Contents

Deposit Insurance Act

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IPreliminary

VPremiums

4Establishment of Deposit Insurance Scheme
5Membership of Scheme
6Exemption from membership
7Withdrawal of exemption
8Maintenance of assets in Singapore
9Establishment of Deposit Insurance Fund
10Expenditure of moneys of Fund
11Investment
12Designation of company to be deposit insurance agency
13Objects, functions and powers of Agency
14Amendment to memorandum and articles of association of Agency
15Appointment of board of directors
16Board to be accountable to Minister
17Salaries, fees and allowances payable to Chairman and directors
18Appointment of Chief Executive, officers and employees, etc.
19Rules issued by Agency
20Power of court to order observance of or compliance with Rules
30Occurrence of events precipitating payment of compensation
31Entitlement to compensation
32Deposits in own right and joint accounts
33Deposits under trust
34Deposits in client accounts
35Restrictions on entitlement to compensation
36Computation and method of payment of compensation
37Subrogation

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Schedules

Deposit Insurance Act · 2006 Revised Edition

12. Designation of company to be deposit insurance agency

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Official textFrom Singapore Statutes Online, unchanged

The Minister may, by notification in the Gazette, designate a company incorporated in Singapore to be the deposit insurance agency for the purposes of this Act.

company

Defined · s 2

“company” has the same meaning as in section 4(1) of the Companies Act;

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Terms defined in s 2

company
Defined · s 2
“company” has the same meaning as in section 4(1) of the Companies Act;
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deposit insurance agency
Defined · s 2
“Agency” or “deposit insurance agency” means the company designated by the Minister under section 12 to be the deposit insurance agency;
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Deposit Insurance Act · s 12

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Singapore Statutes Online · Deposit Insurance Act, 2006 Revised Edition. Reader record updated on 2 Aug 2026.

Singapore legislation is Government copyright, used with the permission of the Attorney-General’s Chambers. Check Singapore Statutes Online for the latest version.

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