Clause 5
Amendment of section 14
of Monetary Authority of Singapore (Amendment) Bill
BillNot in forceProvision 5 of 17
Clause 5
Section 14 of the principal Act is amended —
(a)
by deleting the word “director” in the fourth line of subsection (1) and substituting the words “person who is or has been a director”; and
(b)
by deleting the word “five thousand dollars” in subsection (2) and substituting “$20,000”.