Clause 4
Amendment of section 10
of Monetary Authority of Singapore (Amendment) Bill
BillNot in forceProvision 4 of 5
Clause 4
Section 10(1) of the principal Act is amended —
(a)
by deleting the words “bank licensed under the Banking Act” and substituting the words “financial institution licensed or approved by the Authority under any written law”; and
(b)
by deleting the marginal reference “Cap. 19.”.