Singapore legislation
Regulation 2
of Deposit Insurance (Exemption from Scheme Membership) (No. 2) Notification 2008
Regulation 2
Exemption
Subregulation 1
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
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.