Singapore legislation
Regulation 4
of Insolvency, Restructuring and Dissolution (Saving and Transitional Provisions) Regulations 2020
Regulation 4
Additional saving and transitional provisions for repeal of Bankruptcy Act
Subregulation 1
For the purposes of section 525(1) of the Act —
any person who was a member of an Appeal Panel mentioned in section 56Q of the Bankruptcy Act immediately before 30 July 2020 continues as a member of the Appeal Panel despite section 450 of the Act; and
section 56Q of the Bankruptcy Act continues to apply to such person mentioned in paragraph (a) or the appointment of any other person as a member of an Appeal Panel as if section 450 of the Act had not been enacted.
Subregulation 2
Despite section 450 of the Act, section 165A(1) of the Bankruptcy Act continues to apply to or in relation to —
any compoundable offence reasonably suspected to have been committed before 30 July 2020; or
any compoundable offence reasonably suspected to have been committed on or after that date under the Bankruptcy Act the operation of which is continued by virtue of section 525(1) of the Act or any regulations made under section 527(2) of the Act.
Subregulation 3
In paragraph (2), “compoundable offence” means an offence prescribed as a compoundable offence under the Bankruptcy (Composition of Offences) Rules (Cap. 20, R 5) as in force immediately before 30 July 2020.