Regulation 1
Citation and commencement
This Notification may be cited as the Banking (Exemption from Section 4A(1) and (2)) Notification 2005 and shall come into operation on 29th August 2005.
/akn/sg/act/sub_leg/1970/BA-S554-2005
Banking (Exemption from Section 4A(1) and (2)) Notification 2005
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1970
- Sections
- 2
Quick answer
About this subsidiary legislation
Banking (Exemption from Section 4A(1) and (2)) Notification 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S554-2005 1970, currently marked in force and first recorded in 1970.
Regulation 2
Exemption
Subregulation 1
The Authority hereby exempts —
(a)
Clariden Bank Zurich from section 4A(1) of the Act in respect of any deposit accepted in Singapore on its behalf by Clariden Bank Singapore branch from any person in Singapore, in connection with the provision of private banking services in Singapore by Clariden Bank Singapore branch on behalf of Clariden Bank Zurich; (b)Clariden Bank Singapore branch from section 4A(2) of the Act in respect of any offer or invitation to make any deposit, or to enter or offer to enter into any agreement to make any deposit, with Clariden Bank Zurich, made in connection with the provision of private banking services in Singapore by Clariden Bank Singapore branch on behalf of Clariden Bank Zurich;
(c)
Credit Suisse from section 4A(1) of the Act in respect of any deposit accepted in Singapore on its behalf by Credit Suisse Singapore branch from any person in Singapore, in connection with the provision of private banking services in Singapore by Credit Suisse Singapore branch on behalf of Credit Suisse; (d)Credit Suisse Singapore branch from section 4A(2) of the Act in respect of any offer or invitation to make any deposit, or to enter or offer to enter into any agreement to make any deposit, with Credit Suisse, made in connection with the provision of private banking services in Singapore by Credit Suisse Singapore branch on behalf of Credit Suisse;
(e)
Nordea Bank S.A. from section 4A(1) of the Act in respect of any deposit accepted in Singapore on its behalf by Nordea Bank Finland, Singapore Branch from any person in Singapore, in connection with the provision of private banking services in Singapore by Nordea Bank Finland, Singapore Branch on behalf of Nordea Bank S.A.; (f)Nordea Bank Finland, Singapore Branch from section 4A(2) of the Act in respect of any offer or invitation to make any deposit, or to enter or offer to enter into any agreement to make any deposit, with Nordea Bank S.A., made in connection with the provision of private banking services in Singapore by Nordea Bank Finland, Singapore Branch on behalf of Nordea Bank S.A.;
(g)
Standard Bank Asia Limited from section 4A(1) of the Act in respect of any deposit accepted on its behalf by Standard Merchant Bank (Asia) Limited from any person in Singapore, in connection with the provision of private banking services in Singapore by Standard Merchant Bank (Asia) Limited on behalf of Standard Bank Asia Limited; (h)Standard Merchant Bank (Asia) Limited from section 4A(2) of the Act in respect of any offer or invitation to make any deposit, or to enter or offer to enter into any agreement to make any deposit, with Standard Bank Asia Limited, made in connection with the provision of private banking services in Singapore by Standard Merchant Bank (Asia) Limited on behalf of Standard Bank Asia Limited;
(i)
Svenska Handelsbanken AB (publ), Luxembourg branch (referred to in this Notification as S.H. Luxembourg) and Svenska Handelsbanken AB (publ), Zurich branch (referred to in this Notification as S.H. Zurich) from section 4A(1) of the Act in respect of any deposit accepted in Singapore on behalf of S.H. Luxembourg or S.H. Zurich by Svenska Handelsbanken AB (publ), Singapore branch (referred to in this Notification as S.H. Singapore) from any person in Singapore, in connection with the provision of private banking services in Singapore by S.H. Singapore on behalf of S.H. Luxembourg or S. H. Zurich; and
(j)
S.H. Singapore from section 4A(2) of the Act in respect of any offer or invitation to make any deposit, or to enter or offer to enter into any agreement to make any deposit, with S.H. Luxembourg or S.H. Zurich, made in connection with the provision of private banking services in Singapore by S.H. Singapore on behalf of S.H. Luxembourg or S.H. Zurich.
Subregulation 2
Each exemption is subject to such conditions as may be specified in letters issued by the Authority from time to time to the exempted person.
Common questions
- What is Banking (Exemption from Section 4A(1) and (2)) Notification 2005?
- Banking (Exemption from Section 4A(1) and (2)) Notification 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation BA-S554-2005 1970, currently marked in force and first recorded in 1970.
- Is Banking (Exemption from Section 4A(1) and (2)) Notification 2005 still in force?
- Yes — Banking (Exemption from Section 4A(1) and (2)) Notification 2005 is currently in force.
- When did Banking (Exemption from Section 4A(1) and (2)) Notification 2005 take effect?
- Banking (Exemption from Section 4A(1) and (2)) Notification 2005 was first recorded in 1970.
- How many regulations does Banking (Exemption from Section 4A(1) and (2)) Notification 2005 have?
- Banking (Exemption from Section 4A(1) and (2)) Notification 2005 contains 2 regulations.
- Where can I read the official version of Banking (Exemption from Section 4A(1) and (2)) Notification 2005?
- The official text of Banking (Exemption from Section 4A(1) and (2)) Notification 2005 is published at sso.agc.gov.sg.