Singapore legislation
Regulation 2
Regulation 2
Definitions
In this Notification —“bank” means a bank that holds a bank licence under section 7 or 79 of the Banking Act 1970;“finance company” means a finance company licensed under the Finance Companies Act 1967;“merchant bank” means a merchant bank that, under the Banking Act 1970 —
holds a merchant bank licence; or (b)is treated as having been granted a merchant bank licence; “qualifying payment” means any of the following which is deemed under section 12(6) of the Act to be derived from Singapore:
any interest, commission, fee or other payment; (b)any income derived from loans.
Definition
“bank” means a bank that holds a bank licence under section 7 or 79 of the Banking Act 1970;
Definition
“finance company” means a finance company licensed under the Finance Companies Act 1967;
Definition
“merchant bank” means a merchant bank that, under the Banking Act 1970 —
holds a merchant bank licence; or (b)is treated as having been granted a merchant bank licence;
Definition
“qualifying payment” means any of the following which is deemed under section 12(6) of the Act to be derived from Singapore:
any interest, commission, fee or other payment; (b)any income derived from loans.