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 29/04/2011.
FIRST SCHEDULE
Insured Deposit and Maximum Di Coverage
In this Act —
“insured deposit” means —
(a)
any of the following deposits in Singapore dollars, placed with any DI Scheme member in any of its branches in Singapore:
(i)
a deposit in a savings account;
(ii)
a deposit in a fixed deposit account;
(iii)
a deposit in a current account,
including any accrued interest that has been credited to the relevant accounts for each of the deposits specified in sub-paragraphs (i), (ii) and (iii), regardless of whether such a deposit is pledged, charged or secured as collateral or whether such a deposit or part thereof is set aside in respect of any debt owing to the DI Scheme member and cannot be withdrawn until and unless the debt is repaid;
(b)
any moneys denominated in Singapore dollars, placed with any DI Scheme member under the CPFIS, CPFMS or the Supplementary Retirement Scheme; and
(c)
such product as may be prescribed by the Authority,
but does not include any structured deposit as defined in the Financial Advisers (Structured Deposits — Prescribed Investment Product and Exemption) Regulations (Cap. 110, Rg 7);
“Maximum DI Coverage” means the amount of $50,000.