In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Monetary Authority of Singapore Act 1970 · 2020 Revised Edition · Part 3 · Provisions Relating to Staff, Etc.
22A. Indemnity for Authority’s officers against cost of action to which section 22 applies
Feedback & supportAmended
Last amended by an amending law of 2017.
(1)
The Authority must indemnify a person mentioned in subsection (2) against all costs and expenses reasonably incurred by the person in connection with any action, suit or other legal proceedings to which the person is a party by reason of anything done (including any statement made) or omitted to be done in good faith in the course of or in connection with any of the matters mentioned in section 22(f), (g) or (h).
(2)
Subsection (1) applies to a person who was a person mentioned in section 22(b), (d) or (e) at the time of the alleged act or omission giving rise to the action, suit or proceeding.