Singapore legislation

Regulation 2

of Deposit Insurance and Policy Owners’ Protection Schemes (Additional Premium Contribution) Order 2011

Regulation 2

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.