Regulation 1
Citation and commencement
This Order may be cited as the Deposit Insurance and Policy Owners’ Protection Schemes (Additional Premium Contribution) Order 2011 and shall come into operation on 1st May 2011.
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Deposit Insurance and Policy Owners’ Protection Schemes (Additional Premium Contribution) Order 2011 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation DIPOPSA-S235-2011 2011, currently marked in force and first recorded in 2011.
Citation and commencement
This Order may be cited as the Deposit Insurance and Policy Owners’ Protection Schemes (Additional Premium Contribution) Order 2011 and shall come into operation on 1st May 2011.
Additional premium contribution
For the purposes of section 15(3) of the Act, no DI Scheme member shall, without the prior approval of the Minister, be required to pay additional premium contribution for any premium year exceeding 0.3% of the insured deposit base of that DI Scheme member.
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