Digital Infrastructure Bill · As enacted · Part 3 · Licensing of Major Foundational Digital Infrastructure Service Providers
12. Restriction on transfer of major FDI licence
Official textFrom Singapore Statutes Online, unchanged
A major FDI licence is not transferable to any other person without the written approval of the Authority.
Any purported transfer of a major FDI licence without the written approval of the Authority is void.
The Authority may approve the transfer of a major FDI licence —
on the application of the licensee and the intended transferee; (b)after considering the matters in section 9(2), as modified by replacing each reference to the applicant with the intended transferee and making other necessary modifications; and
in accordance with this section.
A major FDI licence may only be transferred to a person which —
is eligible under section 9(3) to be granted a licence; and
meets any other criteria that may be prescribed.
The Authority’s approval under this section may be given with or without conditions.
A transfer of a major FDI licence takes effect on —
the date on which the conditions (if any) for the Authority’s approval of the transfer are met; or
such other date as the Authority may specify.
The transfer of a major FDI licence does not affect any criminal or civil liability incurred by the original licensee.
Spot a mistake in this text? Suggest a correction.
Part 4
Licensing of Data Centre Operators
Part 5
Reconsiderations and Appeals
Part 6
Enforcement
Part 7
Miscellaneous
Part 8
Related Amendments to Cybersecurity Act 2018
Part 9