Singapore legislation

Clause 3

of Monetary Authority of Singapore (Amendment) Bill

Clause 3

Amendment of section 17

Section 17 of the principal Act is hereby amended —

(a)

by inserting immediately after subsection (2) thereof the following new subsection: —“(2A) The Authority may, by notification in the Gazette, declare that appointments and promotions to such posts or classes of posts as it thinks fit, and the termination of appointment, dismissal, and disciplinary control of persons appointed to such posts, shall be vested in the Authority and, upon such notification, the Authority shall exercise such functions on the advice of the Public Service Commission.”;

(b)

by deleting subsection (4) thereof; and

(c)

by deleting the expression “, with the approval of the Public Service Commission,” appearing in the first and second lines of subsection (6) thereof.