Singapore Government
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Contents

Long Title

Part I PRELIMINARY

Part II APPOINTMENT OF ASSISTANTS

Part III LICENSING OF BANKS

Part IV RESERVE FUNDS, DIVIDENDS, BALANCE-SHEETS AND INFORMATION

Part V PROHIBITED BUSINESS

Part VI MINIMUM ASSET REQUIREMENTS

Part VII POWERS OF CONTROL OVER BANKS

Part VIIA TRANSFER OF BUSINESS AND SHARES AND RESTRUCTURING OF SHARE CAPITAL

Division 1 — Voluntary transfer of business of bank

Division 2 — Compulsory transfer of business of bank

Division 3 — Compulsory transfer of shares in bank

Division 4 — Compulsory restructuring of share capital of bank

Division 5 — Miscellaneous

Part VIII CREDIT CARD AND CHARGE CARD BUSINESSES

Part IX MISCELLANEOUS

FIRST SCHEDULE Banks

SECOND SCHEDULE Effect of Merger

THIRD SCHEDULE Disclosure of Information

FOURTH SCHEDULE Specified Provisions

FIFTH SCHEDULE Definitions in Sections 27, 28, 29 and 38

Legislative History

Comparative Table

Comparative Table

 
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On 19/06/2013, you requested for the version in force on 19/06/2013 incorporating all amendments published on or before 19/06/2013. The closest version currently available is that of 31/03/2008.
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Power of Authority to issue written directions
57D.
—(1)  The Authority may, if it thinks it necessary or expedient in the public interest, issue written directions, either of a general or specific nature, to —
(a)
any licensee or class of licensees; or
(b)
any person or class of persons specified in section 57(9),
to comply with such requirements as the Authority may specify in the directions, or for any other purpose.
[1/2007]
(2)  For the avoidance of doubt, any direction issued under subsection (1) shall be deemed not to be subsidiary legislation.
[1/2007]
(3)  The Authority may at any time vary or revoke any direction issued under subsection (1).
[1/2007]
(4)  Any person who fails to comply with any direction issued under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part thereof during which the offence continues after conviction.
[1/2007]