Regulation 2

the powers of the Minister under the Act specified in sub‑paragraphs (2) and (3); and

the powers of the Minister under the subsidiary legislation specified in sub‑paragraph (4).

the power to grant a waiver of the conditions mentioned in sub‑paragraphs (i) and (ii) of paragraph (c) of the definition of “foreign investor” in section 10(23) of the Act;

the power to approve an Islamic debt securities arrangement for the purposes of section 10(27) of the Act;

the powers of approval mentioned in section 13(2), (2A), (2B), (2C), (2D), (2F), (2G), (2H) and (2I) of the Act;

the power of approval mentioned in the definition of “qualifying debt securities” in section 13(16) of the Act;

the power of approval mentioned in the definition of “qualifying project debt securities” in section 13(16) of the Act;

the power to approve a company as an approved securitisation company for the purposes of section 13M of the Act;

the power to approve a company as an approved company mentioned in section 13O(1) of the Act;

the power to approve a person, master fund, feeder fund, 1st tier SPV, 2nd tier SPV, eligible SPV or structure mentioned in section 13U(1)(a) to (d) of the Act;

the power to approve a foreign government‑owned entity or an international organisation mentioned in section 13V(2) of the Act for the purposes of section 13V(1) of the Act;

the power to approve an insurer for the purposes of section 43C(1)(aa) or (c) (in relation to the approval of a captive insurer) of the Act; (k)the power of approval mentioned in section 43H(2) of the Act;

the power to specify requirements for the exemption from tax to apply to any income specified by the Minister derived by a financial sector incentive company mentioned in section 43J(1)(c) of the Act;

the power to approve a company as a financial sector incentive company mentioned in section 43J(2) of the Act for the purposes of that section;

the power to provide in the letter of approval of a company for the purposes of section 43J(1)(c) of the Act that the tax exemption does not apply to the company’s income for any year of assessment if a specified requirement is not satisfied, mentioned in section 43J(5) of the Act;

the power to approve a company as an approved insurance broker mentioned in subsection (3) of section 43R of the Act for the purposes of that section;

the power to approve —

a trustee‑manager of a qualifying registered business trust as an approved trustee‑manager; and

a fund management company as an approved fund management company, mentioned in subsection (3) of section 43S of the Act for the purposes of that section;

the power to approve a person mentioned in subsection (3)(c) of section 45I of the Act for the purposes of that section; and

the power to approve an umbrella VCC mentioned in section 107(15) of the Act for the application of section 13U of the Act and the regulations made thereunder.

the power to revoke any approval that was granted by the Minister or such person as the Minister may appoint under any of those provisions in force at any time before 6 December 2022;

the power to add to, vary or revoke any condition of such approval.

the Income Tax (Exemption of Income of Approved Securitisation Company) Regulations 2008 (G.N. No. S 96/2008);

the Income Tax (Concessionary Rate of Tax for Income Derived from Managing Qualifying Registered Business Trust or Company) Regulations 2009 (G.N. No. S 155/2009);

the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 6) Notification 2009 (G.N. No. S 574/2009);

the Income Tax (Exemption of Certain Income of Prescribed Sovereign Fund Entities and Approved Foreign Government‑Owned Entities) Regulations 2012 (G.N. No. S 50/2012);

the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2012 (G.N. No. S 72/2012);

the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2012 (G.N. No. S 581/2012);

the Income Tax (Concessionary Rate of Tax for Financial Sector Incentive Companies) Regulations 2017 (G.N. No. S 239/2017);

the Income Tax (Exemption and Concessionary Tax Rate for Income from Life Reinsurance Business) Regulations 2017 (G.N. No. S 608/2017);

the Income Tax (Concessionary Rate of Tax for Approved Insurance Brokers) Regulations 2017 (G.N. No. S 610/2017); and

the Income Tax (Exemption and Concessionary Tax Rate for Income from General Business) Regulations 2017 (G.N. No. S 614/2017).

the power to revoke any such approval, including an approval under that provision in force before 6 December 2022 that was granted by the Minister or such person as the Minister may appoint before that date (called in this sub‑paragraph a past approval); and

(where applicable), the power to —

impose any condition subject to which an approval may be granted; and

add to, vary or revoke any condition of approval (including any condition of a past approval).