Regulation 1
Citation and commencement
This Order may be cited as the Banking (Exemption from Sections 15A and 15B) Order 2010 and shall come into operation on 29th January 2010.
/akn/sg/act/sub_leg/1970/BA-S47-2010
Banking (Exemption from Sections 15A and 15B) Order 2010
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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 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S47-2010 1970, currently marked in force and first recorded in 1970.
Regulation 2
Exemption
The Minister hereby exempts any shareholder of Oversea-Chinese Banking Corporation Limited —
(a)
from section 15A(1) of the Act, where that shareholder, by virtue of its shareholdings in Oversea-Chinese Banking Corporation Limited, is or becomes a substantial shareholder of ING Asia Private Bank Limited; and
(b)
from section 15B(1) of the Act, where that shareholder, by virtue of its shareholdings in Oversea-Chinese Banking Corporation Limited, is or becomes a 12% controller, a 20% controller or an indirect controller, as the case may be, of ING Asia Private Bank Limited.
Common questions
- What is Banking (Exemption from Sections 15A and 15B) Order 2010?
- Banking (Exemption from Sections 15A and 15B) Order 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S47-2010 1970, currently marked in force and first recorded in 1970.
- Is Banking (Exemption from Sections 15A and 15B) Order 2010 still in force?
- Yes — Banking (Exemption from Sections 15A and 15B) Order 2010 is currently in force.
- When did Banking (Exemption from Sections 15A and 15B) Order 2010 take effect?
- Banking (Exemption from Sections 15A and 15B) Order 2010 was first recorded in 1970.
- How many regulations does Banking (Exemption from Sections 15A and 15B) Order 2010 have?
- Banking (Exemption from Sections 15A and 15B) Order 2010 contains 2 regulations.
- Where can I read the official version of Banking (Exemption from Sections 15A and 15B) Order 2010?
- The official text of Banking (Exemption from Sections 15A and 15B) Order 2010 is published at sso.agc.gov.sg.