Singapore legislation

Regulation 6

of Insurance (Authorised Reinsurers) Regulations

Regulation 6

Requirements as to statements of capital

Amended byS 232/2013 wef 18/04/2013

Where a notice, an advertisement or other official publication of a corporation authorised under section 34 of the Act which is made to or directed at persons in Singapore —

(a)

contains a statement of the authorised share capital of the corporation; and (b)does not contain a statement of how much of that share capital has been subscribed and how much is paid up, the corporation shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.