Regulation 1
Citation
These Regulations may be cited as the Bills of Exchange (Cheque Truncation) Regulations.
/akn/sg/act/sub_leg/1949/BEA-RG1
Bills of Exchange (Cheque Truncation) Regulations
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1949
- Sections
- 4
Quick answer
About this subsidiary legislation
Bills of Exchange (Cheque Truncation) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BEA-RG1 1949, currently marked in force and first recorded in 1949.
Regulation 2
Definitions
In these Regulations, unless the context otherwise requires —“instrument” means an instrument (other than a cheque) to which section 85 of the Act applies;“presenting banker” has the same meaning as in section 87B of the Act.
Definition
“instrument” means an instrument (other than a cheque) to which section 85 of the Act applies;
Definition
“presenting banker” has the same meaning as in section 87B of the Act.
Regulation 3
Electronic payment information
For the purposes of section 87A of the Act and regulation 4, the electronic payment information of any cheque or instrument shall comprise the following:
(a)
the unique identification number which is assigned to the cheque or the instrument for the purposes of presentment by electronic means;
(b)
the code which identifies the banker on whom the cheque or the instrument is drawn; and
(c)
the amount of the cheque or the instrument as entered by the drawer of the cheque or the instrument.
Regulation 4
Image return document
Subregulation 1
For the purposes of section 87B of the Act, an image return document shall contain the following particulars:
(a)
the presenting banker’s name and logo;
(b)
the image of the cheque or the instrument which has been dishonoured;
(c)
the electronic payment information of the cheque or the instrument which has been dishonoured;
(d)
the reason for the dishonour;
(e)
the conditions for presentment, including the period within which the presentment must be carried out; and
(f)
the signature of a person who is authorised to issue the document on behalf of the presenting banker.
Subregulation 2
In this regulation, “instrument” does not include an instrument referred to in section 85(2)(c) of the Act.
Common questions
- What is Bills of Exchange (Cheque Truncation) Regulations?
- Bills of Exchange (Cheque Truncation) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BEA-RG1 1949, currently marked in force and first recorded in 1949.
- Is Bills of Exchange (Cheque Truncation) Regulations still in force?
- Yes — Bills of Exchange (Cheque Truncation) Regulations is currently in force.
- When did Bills of Exchange (Cheque Truncation) Regulations take effect?
- Bills of Exchange (Cheque Truncation) Regulations was first recorded in 1949.
- How many regulations does Bills of Exchange (Cheque Truncation) Regulations have?
- Bills of Exchange (Cheque Truncation) Regulations contains 4 regulations.
- Where can I read the official version of Bills of Exchange (Cheque Truncation) Regulations?
- The official text of Bills of Exchange (Cheque Truncation) Regulations is published at sso.agc.gov.sg.