Singapore legislation
Regulation 24
of Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024
Regulation 24
Information under section 73(2) of Act
For the purposes of section 73(2) of the Act, the onward transfer certificate must specify the following information:
(a)
the names of the transferee and the 2nd transferee;
(b)
whether the whole or only a part of the business transferred to the transferee by the certificate of transfer is to be transferred to the 2nd transferee;
(c)
if only a part of the business of the transferee is to be transferred, a description of that part of the business;
(d)
the details of the determination made by the Authority under section 72 of the Act.