Singapore legislation
Regulation 6
of Income Tax (International Tax Compliance Agreements) (United States of America) Regulations 2020
Regulation 6
Meaning of “depository institution”
Amended byS 476/2021 wef 01/07/2021S 743/2024 wef 31/12/2021S 743/2024 wef 31/12/2021S 476/2021 wef 01/07/2021S 743/2024 wef 31/12/2021
In these Regulations, “depository institution” means —
(a)
a bank that holds a licence under section 7 or 79 of the Banking Act 1970;
(b)
a finance company licensed under the Finance Companies Act 1967; or
(c)
a merchant bank that holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act 1970.