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laws.sgby aturio
In forceUpdated to 9 Mar 2025
Contents

Part VIII · Powers of Control Over Designated Financial Holding Companies

45. Interpretation of this Part

In this Part, unless the context otherwise requires —“business” includes affairs and property;“office-holder”, in relation to a designated financial holding company, means any person acting in relation to the designated financial holding company as its liquidator, provisional liquidator, receiver, receiver and manager or an equivalent person;“relevant business” means any business of a designated financial holding company —

(a)

which the Authority has assumed control of under section 47(2)(c); or

(b)

in relation to which a statutory adviser or a statutory manager has been appointed under section 47(2)(b) or (c);“statutory adviser” means a statutory adviser appointed under section 47;“statutory manager” means a statutory manager appointed under section 47.

“business” includes affairs and property;

“office-holder”, in relation to a designated financial holding company, means any person acting in relation to the designated financial holding company as its liquidator, provisional liquidator, receiver, receiver and manager or an equivalent person;

“relevant business” means any business of a designated financial holding company —

(a)

which the Authority has assumed control of under section 47(2)(c); or

(b)

in relation to which a statutory adviser or a statutory manager has been appointed under section 47(2)(b) or (c);

“statutory adviser” means a statutory adviser appointed under section 47;

“statutory manager” means a statutory manager appointed under section 47.

Report

Read on from s 46

Part IX

Assistance to Foreign Regulatory Authorities

Read on from Part IX

Part X

Miscellaneous

Read on from Part X

Schedules