Regulation 1
Citation and commencement
This Order may be cited as the Banking (Exemption from Sections 15A and 15B) Order 2008 and shall come into operation on 27th February 2008.
/akn/sg/act/sub_leg/1970/BA-S102-2008
Banking (Exemption from Sections 15A and 15B) Order 2008
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1970
- Sections
- 2
Quick answer
About this subsidiary legislation
Banking (Exemption from Sections 15A and 15B) Order 2008 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S102-2008 1970, currently marked in force and first recorded in 1970.
Regulation 2
Exemption
Subregulation 1
The Minister hereby exempts any body corporate which is or becomes a substantial shareholder of ING Asia Private Bank Limited from section 15A(1) of the Act —
(a)
by virtue of section 7(4A)(b) of the Companies Act (Cap. 50); and
(b)
by reason only that the body corporate is a subsidiary of another body corporate —
(i)
which is a substantial shareholder of ING Asia Private Bank Limited other than by virtue of section 7(4A) of the Companies Act; or
(ii)
which is entitled to exercise or control the exercise of not less than 20% of the votes attached to the voting shares of a substantial shareholder of ING Asia Private Bank Limited.
Subregulation 2
[Deleted by S 69/2010 wef 10/02/2010]
Common questions
- What is Banking (Exemption from Sections 15A and 15B) Order 2008?
- Banking (Exemption from Sections 15A and 15B) Order 2008 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S102-2008 1970, currently marked in force and first recorded in 1970.
- Is Banking (Exemption from Sections 15A and 15B) Order 2008 still in force?
- Yes — Banking (Exemption from Sections 15A and 15B) Order 2008 is currently in force.
- When did Banking (Exemption from Sections 15A and 15B) Order 2008 take effect?
- Banking (Exemption from Sections 15A and 15B) Order 2008 was first recorded in 1970.
- How many regulations does Banking (Exemption from Sections 15A and 15B) Order 2008 have?
- Banking (Exemption from Sections 15A and 15B) Order 2008 contains 2 regulations.
- Where can I read the official version of Banking (Exemption from Sections 15A and 15B) Order 2008?
- The official text of Banking (Exemption from Sections 15A and 15B) Order 2008 is published at sso.agc.gov.sg.