Singapore legislation
Regulation 33A
of Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024
Regulation 33A
Expiry of suspension by notice under section 93 of Act in respect of reinsurance contract
Amended byS 1065/2024 wef 31/12/2024
Subregulation 1
For the purposes of section 94(1)(b) of the Act, the prescribed time is the same time as —
(a)
the time of publication of the notice under section 93 of the Act; or
(b)
the time on another date specified in the notice,as the case may be.
Subregulation 2
For the purposes of section 94(1)(b) of the Act, the prescribed date is the second business day after —
(a)
the date of publication of the notice under section 93 of the Act; or
(b)
the other date specified in the notice, as the case may be.