Singapore legislation

Regulation 10

of Deposit Insurance Regulations

Regulation 10

Size of Fund

Subregulation 1

The target fund size of the Fund is 0.3% of the aggregate of the insured deposit base of every Scheme member.

Subregulation 2

Without prejudice to any other factors that may be relevant in the determination of any variation to the premium rates, where the Fund achieves or exceeds the target fund size specified in paragraph (1), the Authority and the Agency may conduct a joint review of the premium rates.