Financial Services and Markets Act 2022 · Updated to 30 Jun 2025 · Part 8 · Resolution of Financial Institutions
65. Interpretation of this Division
Official textFrom Singapore Statutes Online, unchanged
In this Division, unless the context otherwise requires —“business” includes affairs, property, right, obligation and liability;“certificate” means a certificate of transfer issued by the Minister under section 67(1);“debenture” has the meaning given by section 4(1) of the Companies Act 1967;“determination” means a determination made by the Authority under section 66(1);“guaranteed policy moneys” has the meaning given by section 2 of the Insurance Act 1966;“property” includes property, right and power of every description;“specified business” means any part of the business of a transferor which is specified or identified in a certificate;“transferee” means any person to which the whole or any part of a transferor’s business is, is to be, or is proposed to be transferred under this Division;“transferor” means a pertinent financial institution the whole or any part of the business of which is, is to be, or is proposed to be transferred under this Division.
“business” includes affairs, property, right, obligation and liability;
“certificate” means a certificate of transfer issued by the Minister under section 67(1);
“debenture” has the meaning given by section 4(1) of the Companies Act 1967;
“determination” means a determination made by the Authority under section 66(1);
“guaranteed policy moneys” has the meaning given by section 2 of the Insurance Act 1966;
“property” includes property, right and power of every description;
“specified business” means any part of the business of a transferor which is specified or identified in a certificate;
“transferee” means any person to which the whole or any part of a transferor’s business is, is to be, or is proposed to be transferred under this Division;
“transferor” means a pertinent financial institution the whole or any part of the business of which is, is to be, or is proposed to be transferred under this Division.
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