Singapore legislation

Clause 183

Recovery of fees, expenses, etc.

The Authority may recover as a civil debt due to the Authority from the financial institution concerned —

(a)

the amount of any fees payable to the Authority under section 5; (b)the amount of any fees payable to the Authority under section 138; (c)the amount of any fees payable to the Authority under section 140; and (d)any remuneration and expenses payable by the financial institution concerned to —

(i)

a statutory adviser appointed under section 41(2);

(ii)

a statutory manager appointed under section 41(2);

(iii)

the Authority or any person appointed by the Authority under section 179 in relation to the Authority’s assumption of control of any business of the financial institution under section 41; and

(iv)

any person appointed to perform any independent assessment under Part 7 or 8.

Read in full context — Financial Services and Markets Bill →