Singapore legislation
Schedule 4
of Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024
Schedule 4
Significant shareholder provisions
FOURTH SCHEDULERegulation 8Significant shareholder provisionsFirst columnSecond columnPertinent financial institutionSignificant shareholder provisions1.A bank incorporated in SingaporeSections 15A(1) and 15B(1) of the Banking Act 19702.A finance company licensed under the Finance Companies Act 1967Sections 10(2), 11(1) and 12(1) of the Finance Companies Act 19673.A merchant bankSection 55X(2) of the Banking Act 19704.A designated financial holding companySections 13(1), 14(1), 20(1) and 21(1) of the Financial Holding Companies Act 20135.An operator of a designated payment system under the Payment Services Act 2019Section 59(1) of the Payment Services Act 20196.An approved exchange under the Securities and Futures Act 2001Section 27(1) and (2) of the Securities and Futures Act 20017.A licensed trade repository under the Securities and Futures Act 2001Section 46U(1) and (2) of the Securities and Futures Act 20018.An approved clearing house under the Securities and Futures Act 2001Section 70(1) and (2) of the Securities and Futures Act 20019.An approved holding company under the Securities and Futures Act 2001Section 81ZE(1) and (2) of the Securities and Futures Act 200110.A holder of a capital markets services licence under the Securities and Futures Act 2001 (not being a holder of a capital markets services licence who only carries on business in the regulated activity of providing credit rating services but not any other regulated activity as defined in section 2(1) of that Act)Section 97A(2) of the Securities and Futures Act 200111.A licensed trust company under the Trust Companies Act 2005Section 16(1) of the Trust Companies Act 200512.An insurer incorporated in Singapore and licensed under the Insurance Act 1966Sections 26(1) and 27(1) of the Insurance Act 1966