Singapore legislation
Regulation 22
of Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024
Regulation 22
Information under section 71(2) of Act
For the purposes of section 71(2) of the Act, the reverse transfer certificate must specify the following information:
(a)
the names of the transferor and the transferee;
(b)
whether the whole or only a part of the business under the certificate of transfer is to be transferred back to the transferor;
(c)
if only a part of the business under the certificate of transfer is to be transferred back to the transferor, a description of that part of the business;
(d)
the details of the determination made by the Authority under section 70 of the Act.