Singapore legislation
Clause 40
Clause 40
Inspection of designated financial holding companies and other companies within FHC group
The Authority may, from time to time, inspect under conditions of secrecy —
(a)
the books of any designated financial holding company and any other company within its FHC group which is a financial institution; and
(b)
any branch, agency or office outside Singapore opened by any designated financial holding company or any other company within its FHC group, referred to in paragraph (a).