Singapore legislation

Regulation 25

of Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024

Regulation 25

Information under section 76(2) of Act

Subregulation 1

For the purposes of section 76(2) of the Act, the certificate of transfer must specify the following information:

(a)

the names of the transferor and the transferee;

(b)

the class or classes of the shares to be transferred, and the number of shares in each class to be transferred;

(c)

the details of the determination made by the Authority under section 75 of the Act.

Subregulation 2

In this regulation, “transferee” and “transferor” have the meanings given by section 74(1) of the Act.