Section 37
Remuneration and expenses of Authority and others in certain cases
of Monetary Authority of Singapore Act 1970
ActIn forceProvision 55 of 199
Section 37
Amended by9/201331/2017
The Authority may at any time fix the remuneration and expenses to be paid by a relevant financial institution —
(a)
to a statutory adviser or statutory manager appointed in relation to the relevant financial institution, whether or not the appointment has been revoked; and
(b)
where the Authority has assumed control of the relevant business of the relevant financial institution, to the Authority and any person appointed by the Authority under section 13B in relation to the Authority’s assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.