/akn/sg/act/sub_leg/2005/DIA-S654-2008

Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008

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Type
Subsidiary Legislation
Status
In force
Enacted
2005
Sections
2

Quick answer

About this subsidiary legislation

Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation DIA-S654-2008 2005, currently marked in force and first recorded in 2005.

Regulation 1

Citation and commencement

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This Notification may be cited as the Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 and shall come into operation on 31st December 2008.

Regulation 2

Exemption

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Subregulation 1

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The Authority hereby exempts the American Express Bank Ltd., Singapore Branch from the requirement under section 5(1) of the Act to be a member of the Deposit Insurance Scheme.

Subregulation 2

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The exemption under sub-paragraph (1) is subject to such conditions and restrictions as the Authority may specify in writing to the American Express Bank Ltd., Singapore Branch under section 6(5) or (6) of the Act.

Common questions

What is Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008?
Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation DIA-S654-2008 2005, currently marked in force and first recorded in 2005.
Is Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 still in force?
Yes — Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 is currently in force.
When did Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 take effect?
Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 was first recorded in 2005.
How many regulations does Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 have?
Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 contains 2 regulations.
Where can I read the official version of Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008?
The official text of Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008 is published at sso.agc.gov.sg.