Singapore legislation

Regulation 3

of Insolvency, Restructuring and Dissolution (Prescribed Companies and Entities) Order 2020

Regulation 3

Prescribed companies under section 63(3) of Act

Amended byS 247/2023 wef 31/12/2021S 247/2023 wef 31/12/2021S 247/2023 wef 31/12/2021S 411/2021 wef 01/07/2021S 247/2023 wef 31/12/2021S 247/2023 wef 28/04/2023S 247/2023 wef 31/12/2021S 247/2023 wef 31/12/2021

The following classes of companies are excluded from the definition of “company” for the purposes of section 63(3) of the Act:

(a)

a company that is a banking corporation;

(b)

a company that is an airport licensee licensed under section 36 of the Civil Aviation Authority of Singapore Act 2009;

(c)

a company that is a finance company licensed under section 6 of the Finance Companies Act 1967;

(d)

a company that is a securitisation special purpose vehicle;

(e)

a company that is a licensed insurer licensed under section 11 of the Insurance Act 1966;

(f)

a company that —

(i)

is a financial institution approved under, or treated as approved, under section 4 of the Financial Services and Markets Act 2022; or

(ii)

holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act 1970;

(g)

a company that is a specified telecommunication licensee declared under section 45 of the Telecommunications Act 1999;

(h)

a company that is a covered bond special purpose vehicle.

Read in full context — Insolvency, Restructuring and Dissolution (Prescribed Companies and Entities) Order 2020 →