In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Finance Companies Act 1967 · 2020 Revised Edition · Part 2 · Licensing of Finance Companies
9. Mergers, etc., of finance company
Feedback & support(1)
A finance company carrying on business in Singapore must not be merged or consolidated with or acquire a majority interest in any other finance company without the prior approval of the Authority.
finance company
Defined · s 2
“finance company” means any company licensed under this Act to carry on financing business, and all branches and offices in Singapore of such a company are deemed to be one finance company for the purposes of this Act;
(2)
In considering such an application, the Authority has power to call for any information that it may require.
(3)
The Authority may approve or refuse the application.