Financial Services and Markets Act 2022 · Updated to 30 Jun 2025 · Part 3 · Prohibition Order
13. Appeals to Minister
Official textFrom Singapore Statutes Online, unchanged
Where an appeal is made to the Minister under this Part, the Minister may confirm, vary or reverse the decision of the Authority on appeal, or give such directions in the matter as the Minister thinks fit, and the decision of the Minister is final.
Where an appeal is made to the Minister under this Part, the Minister must, within 28 days after the receipt of the appeal, constitute an Appeal Advisory Committee comprising not less than 3 members of the Appeal Advisory Panel and refer that appeal to the Appeal Advisory Committee.
The Appeal Advisory Committee is to submit to the Minister a written report on the appeal referred to the Committee under subsection (2), and may make such recommendations as the Committee thinks fit.
The Minister must consider the report submitted under subsection (3) in making his or her decision under this section but he or she is not bound by the recommendations in the report.
Part 4
Powers Regarding International Obligations and Prevention of Money Laundering and Terrorism Financing, and Assistance to Foreign Authorities and Domestic Author
Part 4A
Information Sharing Scheme for Prescribed Financial Institutions
Part 5
Technology Risk Management
Part 6
Dispute Resolution Schemes
Part 7
Control Over Financial Institutions
Part 8
Resolution of Financial Institutions
Part 9
Digital Token Service Providers
Part 10
Inspection Powers of Authority
Part 10A
Investigations
Part 11
Offences
Part 12
Miscellaneous
Part 13
Consequential and Related Amendments to Other Acts
Part 14