Singapore legislation
Clause 37
of Deposit Insurance and Policy Owners’ Protection Schemes (Amendment) Bill
Clause 37
Amendment of Seventh Schedule
The Seventh Schedule to the principal Act is amended —
(a)
by deleting the words “memorandum and articles of association” in paragraph 1 and substituting the word “constitution”;
(b)
by deleting paragraph 3 and substituting the following paragraph:“Auditor
3. The accounts of the Agency must be audited by such auditor as may be appointed annually by the Agency.”; and
(c)
by deleting paragraph 12.