In forceAmended2004 Revised EditionCurrent version · 2004 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
2. Designation of system
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Last amended by an amending law of 2018.
(1)
The CLS System being a system for settling payment obligations and entitlements and operated by CLS Bank International shall be a designated system for the purposes of the Act.
(2)
The settlement institution of the CLS System is CLS Bank International.
Subregulation 1
The CLS System being a system for settling payment obligations and entitlements and operated by CLS Bank International shall be a designated system for the purposes of the Act.
Subregulation 2
The settlement institution of the CLS System is CLS Bank International.