Regulation 11

Any funds, financial assets or economic resources frozen under regulation 5(1) or 6A(2) of the revoked Regulations are treated as frozen under regulation 5(1) or 7(2), respectively, of these Regulations.

Any exemption granted by the Authority under section 178 (formerly section 41C) of the Monetary Authority of Singapore Act 1970 and which was in force immediately before 28 April 2023 in relation to any funds, financial assets or economic resources mentioned in regulation 5(2B)(b) of the revoked Regulations is treated as having been granted under section 189 of the Act in relation to any funds, financial assets or economic assets mentioned in regulation 5(4)(b) of these Regulations.

Any determination made by the Authority under regulation 5(3) of the revoked Regulations and which was in force immediately before 28 April 2023 is treated as a determination made by the Authority under regulation 5(5) of these Regulations.

Any information provided by a financial institution under regulation 7 of the revoked Regulations is treated as having been provided under regulation 8 of these Regulations, and any requirement of the Authority to provide further information under regulation 7 of the revoked Regulations is treated as a requirement of the Authority to provide further information under regulation 8 of these Regulations.