

On 19/05/2013,
you requested for the version in force on 19/05/2013
incorporating all amendments published on or before 19/05/2013.
The closest version currently available is that of 17/07/2001.

23. Section 36 of the Banking Act is amended —
(a)
by inserting, immediately after the word “bank” in the 1st line of subsection (1), the words “in Singapore”;
(b)
by deleting the words “33 or 34” in subsection (1) and substituting the words “32, 33, 35 or this section”;
(c)
by deleting subsection (2) and substituting the following subsection:
“(2) Without prejudice to sections 10, 23, 29, 31, 32, 33, 35 and 42, the Authority may, for the purpose of securing compliance with those sections on a consolidated basis, from time to time by notice in writing, require any bank to aggregate, in such manner as may be specified in the notice, its assets, liabilities, profits or losses, as the case may be, with the assets, liabilities, profits or losses of all or any of —
(a)
the bank’s related corporations; and
(b)
companies in which the bank has a major stake as defined in section 32(7).”; and
(d)
by deleting “33, 34” in the section heading and substituting “32, 33, 35”.



