Clause 12
Amendment of section 24B
of Monetary Authority of Singapore (Amendment) Bill
BillNot in forceProvision 12 of 17
Clause 12
Section 24B of the principal Act is amended —
(a)
by deleting the word “approve” in subsection (1) and substituting the word “determine”; and
(b)
by deleting the words “five thousand dollars” in subsection (4) and substituting “$20,000”.