Singapore legislation

Regulation 5

of Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2006

Regulation 5

Declaration of provisions in accounts of Nordea Bank Finland Plc Singapore Branch

It is hereby declared that, subject to the conditions specified in the letter of approval dated 9th October 2006, the provisions in the accounts of Nordea Bank Finland Plc Singapore Branch (Registration No. F06157M) which have been transferred to Nordea Bank Finland Plc Singapore Branch (Registration No. F06200G) —

(a)

shall not be deemed under section 14I(2)(b) of the Act to be a trading receipt of Nordea Bank Finland Plc Singapore Branch (Registration No. F06157M); and

(b)

shall for the purposes of section 14I of the Act be treated as having been allowed to Nordea Bank Finland Plc Singapore Branch (Registration No. F06200G) as a deduction under that section.

Read in full context — Income Tax (Transfer of Undertaking by Bank or Finance Company) (No. 2) Order 2006 →