Singapore Government
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Contents

Long Title

Part I PRELIMINARY

Part II ESTABLISHMENT, CAPITAL AND ADMINISTRATION OF AUTHORITY

Part III PROVISIONS RELATING TO STAFF, ETC

Part IV POWERS, DUTIES AND FUNCTIONS OF AUTHORITY

Part IVA CONTROL OVER FINANCIAL INSTITUTIONS

Part IVB RESOLUTION OF FINANCIAL INSTITUTIONS

Division 1 — General provisions

Division 2 — Compulsory transfer of business of pertinent financial institution

Division 3 — Compulsory transfer of shares of pertinent financial institution

Division 4 — Compulsory restructuring of share capital of pertinent financial institution

Division 5 — Assistance to foreign resolution authorities and domestic authorities

Division 6 — Miscellaneous

Part V FINANCIAL SECTOR DEVELOPMENT FUND

Part VA BOOK-ENTRY SECURITIES ISSUED BY AUTHORITY

Part VB PRIMARY DEALERS FOR SECURITIES ISSUED BY AUTHORITY

Part VI MISCELLANEOUS

THE SCHEDULE Written Laws

Legislative History

Comparative Table

 
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On 22/05/2013, you requested for the version in force on 22/05/2013 incorporating all amendments published on or before 22/05/2013. The closest version currently available is that of 18/04/2013.
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Appointment of directors
8.
—(1)  The directors referred to in section 7(3)(b) shall be appointed by the President who shall, on the recommendation of the Minister, also appoint the deputy chairman.
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(2)  The directors so appointed —
(a)
shall not act as delegates on the board from any commercial, financial, agricultural, industrial or other interests with which they may be connected;
(b)
shall hold office for a term not exceeding 3 years and shall be eligible for reappointment; and
(c)
may be paid by the Authority out of the funds of the Authority such remuneration and allowances as may be determined by the President.
(3)  Subsection (2)(b) and (c) shall not apply to a director who is appointed managing director under section 9.