Section 177
Recovery of fees, expenses, etc.
of Monetary Authority of Singapore Act 1970
ActIn forceProvision 196 of 199
Section 177
Amended by9/201331/2017
There is to be recoverable as a civil debt due to the Authority from the financial institution concerned —
(a)
the amount of any fees payable to the Authority under section 29 or under any rules issued under section 29A; and
(b)
any remuneration and expenses payable by the financial institution to —
(i)
a statutory adviser appointed under section 33(2);
(ii)
a statutory manager appointed under section 33(2);
(iii)
the Authority or any person appointed by the Authority under section 13B in relation to the Authority’s assumption of control of any business of the financial institution under section 33; and
(iv)
any person appointed to perform any independent assessment under Part 4A or 4B.