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Contents

Part I PRELIMINARY

Part II CONTROL OF DEPOSIT-TAKING ACTIVITIES

Part IIA MINIMUM CAPITAL REQUIREMENTS

Part IIB EXCLUSION OF LIMITS ON EQUITY INVESTMENTS

Part III EXCLUSION OF CERTAIN INVESTMENTS AND WHOLLY-OWNED SUBSIDIARIES

Part IV PROPERTY SECTOR EXPOSURE

Part V APPLICATION OF SECRECY PROVISIONS TO MERCHANT BANKS

Part VI EXCLUSION OF NON-BENEFICIAL INTERESTS IN OR RIGHTS OVER IMMOVABLE PROPERTY

Part VII COMPUTATION OF MAJOR STAKES

Part VIII LIMITATION OF MUTUAL SHAREHOLDINGS

Part IX PRESCRIBED BUSINESSES

Part X EXPOSURES AND CREDIT FACILITIES

Part XI TRANSFER OF BUSINESS AND SHARES AND RESTRUCTURING OF BANK

Part XII DEPOSIT LIABILITIES OF BANK

Part XIII compoundable offences

FIRST SCHEDULE Quarterly Reporting for Section 35, Banking Act

SECOND SCHEDULE Secrecy Provisions Applicable to Merchant Banks

THIRD SCHEDULE Exceptions to Secrecy Obligation of Merchant Banks

FOURTH SCHEDULE Requirements for Reports to be Submitted to Authority

Legislative History

 
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On 21/05/2013, you requested for the version in force on 21/05/2013 incorporating all amendments published on or before 21/05/2013. The closest version currently available is that of 14/02/2011.
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PART XIII
compoundable offences
Compoundable offences
31.  The following offences may be compounded by the Authority in accordance with section 69 of the Act:
(a)
any offence under the Act or any regulations made thereunder which is punishable with a fine only;
(b)
any offence under section 4(2), 4A(4), 5(3), 17(2), 18(3)(a), 28(7), 50(7) or (8), 52(2)(a), 54A(9)(a), 55N(2)(a) or 57(7) of the Act; and
(c)
any offence under subsection (1) of section 66 of the Act, where the non-compliance by the bank referred to in that subsection constitutes a compoundable offence under paragraph (a) or (b).
[S 238/2007 wef 11/06/2007]