Financial Services and Markets Act 2022 · s 59

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s 59Exercise of powers under Divisions 2, 4, 5 and 6 of this Part

In determining whether to exercise its powers under Divisions 2, 4, 5 and 6 of this Part in relation to a pertinent financial institution, the Authority may have regard to one or more of the following matters:

(a)

whether a failure of the pertinent financial institution would have a widespread adverse effect on the financial system in Singapore or the economy of Singapore, or both, whether or not that widespread adverse effect occurs directly or indirectly as a result of the impact of the failure on the financial system in Singapore, on the financial markets in Singapore or on other financial institutions in Singapore;

(b)

whether it is in the public interest to do so;

(c)

any other matter that the Authority considers relevant.