Banking (Exemption from Sections 15A and 15B) Order 2013

from section 15A(1) of the Act, where the Scheduled company is a substantial shareholder of Standard Chartered Bank (Singapore) Limited; and

from section 15B(1) of the Act, where the Scheduled company is a 12% controller, a 20% controller or an indirect controller, as the case may be, of Standard Chartered Bank (Singapore) Limited.

from section 15A(1) of the Act, where Standard Chartered Holdings (Singapore) Private Limited is a substantial shareholder of Standard Chartered Bank (Singapore) Limited; and

from section 15B(1) of the Act, where Standard Chartered Holdings (Singapore) Private Limited is a 12% controller, a 20% controller or an indirect controller, as the case may be, of Standard Chartered Bank (Singapore) Limited.

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the body corporate is an associate of a second body corporate within the meaning of section 7(5) of the Companies Act (Cap. 50) by virtue of its being a subsidiary of that second body corporate;

the second body corporate is a substantial shareholder of Standard Chartered Bank (Singapore) Limited other than by virtue of section 7(4A) of the Companies Act;

as a result of sub-paragraphs (a) and (b), the first mentioned body corporate becomes a substantial shareholder of Standard Chartered Bank (Singapore) Limited by virtue of section 7(4A)(b) of the Companies Act.

the body corporate is an associate of a second body corporate within the meaning of section 7(5) of the Companies Act by virtue of its being a subsidiary of the second body corporate;

the second body corporate is entitled to exercise or control the exercise of not less than 20% of the votes attached to the voting shares of a third body corporate which is a substantial shareholder of Standard Chartered Bank (Singapore) Limited other than by virtue of section 7(4A) of the Companies Act;

as a result of sub-paragraphs (a) and (b), the first mentioned body corporate becomes a substantial shareholder of Standard Chartered Bank (Singapore) Limited by virtue of section 7(4A)(b) of the Companies Act.

from section 15A(1) of the Act, where the shareholder, by virtue of its shareholding in Standard Chartered PLC, becomes a substantial shareholder of Standard Chartered Bank (Singapore) Limited; and

from section 15B(1) of the Act, where the shareholder, by virtue of its shareholding in Standard Chartered PLC, becomes a 12% controller, a 20% controller or an indirect controller, as the case may be, of Standard Chartered Bank (Singapore) Limited.