Singapore legislation

Clause 12

of Monetary Authority of Singapore (Amendment) Bill

Clause 12

Amendment of section 24B

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”.