Singapore legislation

Regulation 4

Type B financial institutions

Each of the following financial institutions is prescribed as a Type B financial institution for the purposes of section 49(5) of the Act:

(a)

a bank that is incorporated in Singapore;

(b)

a licensed insurer that is incorporated in Singapore;

(c)

a designated financial holding company;

(d)

an operator or a settlement institution of a designated payment system under the Payment Services Act 2019;

(e)

an approved exchange as defined in section 2(1) of the Securities and Futures Act 2001;

(f)

a licensed trade repository as defined in section 2(1) of the Securities and Futures Act 2001;

(g)

an approved clearing house as defined in section 2(1) of the Securities and Futures Act 2001;

(h)

the Depository as defined in section 81SF of the Securities and Futures Act 2001;

(i)

an approved holding company as defined in section 2(1) of the Securities and Futures Act 2001.