30Interpretation of this Part
31Approval of dispute resolution schemes
32Approval of chief executive officer and directors of dispute resolution scheme operator
33Removal of chief executive officer or director of dispute resolution scheme operator
34Appeals to Minister
35Approval of amendment to constitution of dispute resolution scheme operator
36Requirement for financial institution to be member of approved dispute resolution scheme
37Protection from personal liability
38Regulations for this Part

7Control Over Financial Institutions

39Application and interpretation of this Part
40Information of insolvency, etc.
41Action by Authority if relevant financial institution unable to meet obligations, etc.
42Effect of assumption of control under section 41
43Duration of control
44Responsibilities of officers, member, etc., of relevant financial institution
45Remuneration and expenses of Authority and others in certain cases
46Voluntary transfer of business of relevant financial institution
47Approval of transfer of business of relevant financial institution
48Disqualification or removal of director or executive officer of relevant financial institution
49Provisions as to compromise or arrangement relating to certain financial institutions, etc.
50Regulations for this Part
51Notice concerning recovery and resolution plans
52Direction for recovery plan and its implementation
53Resolution planning
54Power to direct removal of impediments
55Appeal against direction to remove impediment
56Provisions concerning directions and notices under this Division
57Offences under this Division

8Resolution of Financial Institutions

58Interpretation of this Part
59Exercise of powers under Divisions 2, 4, 5 and 6 of this Part
60Directions or regulations concerning persons that have ceased to be specified financial institutions
61Directions and notices issued under this Act or other MAS scheduled Act to continue to apply to persons who cease to be specified financial institutions
62Moratorium
63General provisions as to winding up
64Power of Court to take action against directors and executive officers
65Interpretation of this Division
66Compulsory transfer of business
67Certificate of transfer
68Moratorium, avoidance of disposition of property, etc.
69Interpretation of this Division
70Reverse transfer of business
71Reverse transfer certificate
72Onward transfer of business
73Onward transfer certificate
74Interpretation of this Division
75Compulsory transfer of shares
76Certificate of transfer
77Interpretation of this Division
78Compulsory restructuring of share capital
79Certificate of restructuring of share capital
80Interpretation of this Division
81Exercise of powers under this Division
82Determination by Authority
83Approval by Minister of determination
84Bail-in certificate
85Effects of bail-in certificate
86Moratorium
87Significant shareholder by reason of bail-in certificate
88Directions for disposal
89Offence
90Restriction on eligible instruments
91Interpretation of this Division
92Effect of resolution measure on contracts where substantive obligations continue to be performed
93Right to temporarily suspend termination right for contracts because of resolution measure
94When suspension takes effect
95Interpretation of this Division
96Conditions for provision of assistance to foreign resolution authority
97Other factors to consider for provision of assistance to foreign resolution authority
98Assistance that may be rendered to foreign resolution authority
99Assistance to domestic authority
100Offences under this Division
101Immunity for providing material, etc.
102Interpretation of this Division
103Determination over foreign resolution
104Order to give effect to foreign resolution
105Directions
106Offence
107Interpretation of this Division
108Establishment of resolution fund
109Trustee of resolution fund
110Withdrawal from resolution fund
111Recovery of sums withdrawn
112Claim from financial institution under resolution
113Computation and notice of levy
114Payment of levy by similar financial institutions, participants of market infrastructure on lump sum basis, or participants of payment system operated by payment system operator
115Payment of levy by participants of market infrastructure on transaction basis
116Recovery, refund and remission of levies and late payment fees, etc.
117Disclosure of information on levy
118Use of resolution fund to pay loan, etc., and balance in resolution fund
119Priority of debt of financial institution to trustee
120Regulations for this Division
121Interpretation of this Division
122Meaning of “worse off as a result of the resolution”
123Eligibility for compensation
124Appointment of valuer
125Valuation
126Access to information by valuer
127Confidentiality and use of information
128Disclosure of valuation report
129Appeals
130Notices to significant associated entities of specified financial institutions
131Modification of law of insolvency
132Power to obtain information under this Part
133Immunity for officer of specified financial institution or significant associated entity
134Cessation of moratorium, etc., under this Part
135Regulations for this Part

9Digital Token Service Providers

136Interpretation of this Part
137Licensing of digital token service providers
138Application for licence
139Holding out as licensee
140Annual fees of licensees
141Lapsing, surrender, revocation or suspension of licence
142Appeals to Minister
143Place of business of licensee
144Obligation of licensee to notify Authority of certain events
145Obligation of licensee to provide information to Authority
146Obligation of licensee to submit periodic reports
147Prohibition from carrying on certain businesses
148Application and interpretation of this Subdivision
149Control of shareholding in licensee
150Objection to existing control of licensee
151Power of Authority to issue directions for this Subdivision
152Power of Authority to obtain information relating to this Subdivision
153Offences, penalties and defences
154Appeals to Minister
155Approval of chief executive officer, director, partner or manager of licensee
156Removal of chief executive officer, director, partner or manager
157Appeals to Minister
158Auditing
159Powers of auditor appointed by Authority
160Restriction on auditor’s and employee’s right to communicate certain matters
161Offence to destroy, conceal, alter, etc., records
162Falsification of records by officers, etc.
163General penalty
164Power of court to make certain orders
165Codes, guidelines, etc., by Authority
166Power of Authority to issue written notice
167Power of Authority to make regulations

10Inspection Powers of Authority

168Interpretation of this Part
169Inspection by Authority
170Obligation of relevant person under inspection, etc.
171Confidentiality of inspection reports
172Authority may transmit information from inspection to corresponding authority
173Self-incrimination

10AInvestigations

173AInterpretation of this Part
173BInvestigation by Authority
173CConfidentiality of investigation reports
173DSelf-incrimination and saving for advocates and solicitors
173ERequirement to appear for examination
173FProceedings at examination
173GRequirements made of examinee
173HExamination to take place in private
173IRecord of examination
173JGiving copies of record to other persons
173KCopies given subject to conditions
173LPower of Authority to order production of books, provision of information or giving of access to data
173MPower to enter premises without warrant
173NWarrant to seize books, etc.
173OPowers where books are produced, etc.
173PPowers where books not produced, information not provided or access to book or data not given
173QCopies of or extracts from books to be admitted in evidence
173ROffences under this Division
173SInterpretation of this Division
173TEvidence obtained by Authority may be used in criminal investigations and proceedings
173UEvidence obtained under Criminal Procedure Code 2010 may be used for purposes of Act

11Offences

174Offences by corporations
175Offences by unincorporated associations or partnerships
176General duty to use reasonable care not to provide false information to Authority
177Composition of offences

12Miscellaneous

178Agents
179Appointment of assistants
180Consent of Public Prosecutor
181Jurisdiction of Courts
182Opportunity to be heard
183Recovery of fees, expenses, etc.
184Publication of certain information
185Disclosure of information
186Service of documents
187Electronic service
188Guidelines on Fit and Proper Criteria
189Exemption
190Amendment of Schedules
191Power of Minister to make regulations for or in respect to appeals
192Power of Authority to make regulations

13Consequential and Related Amendments to Other Acts

193Amendment of Banking Act 1970
194Amendment of Companies Act 1967
195Amendment of Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992
196Amendment of Credit Bureau Act 2016
197Amendment of Criminal Procedure Code 2010
198Amendment of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011
199Amendment of Finance Companies Act 1967
200Amendment of Financial Advisers Act 2001
201Amendment of Financial Holding Companies Act 2013
202Amendment of Income Tax Act 1947
203Amendment of Insolvency, Restructuring and Dissolution Act 2018
204Amendment of Insurance Act 1966
205Amendment of Monetary Authority of Singapore Act 1970
206Amendment of Mutual Assistance in Criminal Matters Act 2000
207Amendment of Payment Services Act 2019
208Amendment of Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019
209Amendment of Securities and Futures Act 2001
210Amendment of Trust Companies Act 2005
211Amendment of United Nations Act 2001
212Amendment of Variable Capital Companies Act 2018
213Amendment of Securities and Futures (Amendment) Act 2017
214Amendment of Financial Services and Markets Act 2022

14Savings and Transitional Provisions

215Saving and transitional provisions in relation to amendments to Banking Act 1970
216Saving and transitional provisions in relation to amendments to Finance Companies Act 1967
217Saving and transitional provisions in relation to amendments to Financial Advisers Act 2001
218Saving and transitional provisions in relation to amendments to Insurance Act 1966
219Saving and transitional provisions in relation to amendments to Monetary Authority of Singapore Act 1970
220Saving and transitional provisions in relation to amendments to Securities and Futures Act 2001
221Saving and transitional provisions in relation to amendments to Trust Companies Act 2005
222Other saving and transitional provisions

Schedules

1Digital token services
2Excluded persons
3Disclosure of specified information

Financial Services and Markets Act 2022 · Updated to 30 Jun 2025 · Part 13 · Consequential and Related Amendments to Other Acts

214. Amendment of Financial Services and Markets Act 2022

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Official textFrom Singapore Statutes Online, unchanged

Section 6 of the Financial Services and Markets Act 2022 is amended by deleting the definition of “digital payment token instrument” and substituting the following definition:“ “digital payment token instrument” has the meaning given by section 2(1) of the Payment Services Act 2019;”.

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Part 14

Savings and Transitional Provisions

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Financial Services and Markets Act 2022 · s 214

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Where this comes from

Singapore Statutes Online · Financial Services and Markets Act 2022, Updated to 30 Jun 2025. Reader record updated on 7 Oct 2026.

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