Clause 4
Amendment of section 21
of Deposit Insurance and Policy Owners’ Protection Schemes (Amendment) Bill
BillNot in forceProvision 4 of 39
Clause 4
Section 21(1) of the principal Act is amended by deleting the word “or” at the end of paragraph (a), and by inserting immediately thereafter the following paragraph:“(aa)a DI Scheme member is wound up voluntarily under the Companies Act or under the law of a country or territory outside Singapore; or”.