Singapore legislation
Regulation 3
of Deposit Insurance and Policy Owners’ Protection Schemes (Deposit Insurance) Regulations 2011
Regulation 3
Premium year
Subregulation 1
For the purposes of the definition of “premium year” in section 2(1) of the Act and subject to paragraph (2), the Authority hereby prescribes a premium year under section 12(4) of the Act to be the period beginning on 1st April of any year and ending on 31st March of the following year.
Subregulation 2
The first premium year shall be the period beginning on 1st May 2011 and ending on 31st March 2012.