Clause 10
Amendment of section 27
of Monetary Authority of Singapore (Amendment) Bill
BillNot in forceProvision 10 of 13
Clause 10
Section 27 of the principal Act is amended by inserting, immediately after subsection (4), the following subsection:“(5) For the avoidance of doubt, any direction issued under this section, section 27A or 28 shall be deemed not to be subsidiary legislation.”.