Regulation 32
Persons excluded from section 93 of Act
of Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024
Subsidiary LegislationIn forceProvision 32 of 46
Regulation 32
For the purposes of section 93(3)(b) of the Act, a notice issued under section 93(2) of the Act does not apply to a termination right under a contract between a pertinent financial institution and any of the following persons:
(a)
a central bank of a country or territory outside Singapore;
(b)
the Authority;
(c)
an operator or a settlement institution of a designated system under the Payment and Settlement Systems (Finality and Netting) Act 2002;
(d)
an approved clearing house, a recognised clearing house or a Depository under the Securities and Futures Act 2001.