Comparison View

Formal Consolidation |  Amended Act 31 of 2017
Interpretation of this Division
86.  In this Division, unless the context otherwise requires —
“domestic authority” means any ministry or department of the Government, any Organ of State in Singapore and any statutory body (other than the Authority) established under a public Act for a public function, and includes the company designated to be the deposit insurance and policy owners’ protection fund agency under section 56 of the Deposit Insurance and Policy Owners’ Protection Schemes Act (Cap. 77B);
“material” includes any information, book, document or other record in any form whatsoever, and any container or article relating thereto;
“prescribed written law” means the following Acts and the subsidiary legislation made under those Acts:
(a)this Act;
(b)the Banking Act (Cap. 19);
(c)the Deposit Insurance and Policy Owners’ Protection Schemes Act;
(d)the Finance Companies Act (Cap. 108);
(e)the Financial Advisers Act (Cap. 110);
(f)the Insurance Act (Cap. 142);
(g)the Money-changing and Remittance Businesses Act (Cap. 187);
(h)the Payment Systems (Oversight) Act (Cap. 222A);
(i)the Securities and Futures Act (Cap. 289);
(j)the Trust Companies Act (Cap. 336); and
(k)such other Act or Acts as the Authority may prescribe by regulations made under section 126;
[Act 31 of 2017 wef 04/06/2018]
“resolution” means any action by an authority (being an authority charged with responsibility for such action) to do either or both of the following:
(a)to maintain financial stability;
(b)to deal with any serious problem in a financial institution which affects the ability of the financial institution to continue its business or operations as a financial institution, and which, if not dealt with, may cause the financial institution to be no longer able to continue its business or operations as a financial institution;
“resolution authority”, in relation to a foreign country or territory, means an authority of the foreign country or territory which, whether alone or together with one or more other authorities of the foreign country or territory, is responsible for the resolution, or for preparing plans for dealing with the resolution, of a financial institution.
[Act 31 of 2017 wef 04/06/2018]
[Act 9 of 2013 wef 18/04/2013]
Informal Consolidation | Amended Act 2 of 2019
Interpretation of this Division
86.  In this Division, unless the context otherwise requires —
“domestic authority” means any ministry or department of the Government, any Organ of State in Singapore and any statutory body (other than the Authority) established under a public Act for a public function, and includes the company designated to be the deposit insurance and policy owners’ protection fund agency under section 56 of the Deposit Insurance and Policy Owners’ Protection Schemes Act (Cap. 77B);
“foreign resolution authority” means an authority of a foreign country or territory which, whether alone or together with one or more other authorities of the foreign country or territory, is responsible for the resolution, or for preparing plans for dealing with the resolution, of a financial institution;
[Act 31 of 2017 wef 05/06/2018]
“material” includes any information, book, document or other record in any form whatsoever, and any container or article relating thereto;
“prescribed written law” means the following Acts and the subsidiary legislation made under those Acts:
(a)this Act;
(b)the Banking Act (Cap. 19);
(c)the Deposit Insurance and Policy Owners’ Protection Schemes Act;
(d)the Finance Companies Act (Cap. 108);
(e)the Financial Advisers Act (Cap. 110);
(f)the Insurance Act (Cap. 142);
(g)the Payment Services Act 2019;
[Act 2 of 2019 wef 28/01/2020]
(h)[Deleted by Act 2 of 2019 wef 28/01/2020]
(i)the Securities and Futures Act (Cap. 289);
(j)the Trust Companies Act (Cap. 336); and
(k)such other Act or Acts as the Authority may prescribe by regulations made under section 126;
[Act 31 of 2017 wef 04/06/2018]
“resolution” means any action by an authority (being an authority charged with responsibility for such action) to do either or both of the following:
(a)to maintain financial stability;
(b)to deal with any serious problem in a financial institution which affects the ability of the financial institution to continue its business or operations as a financial institution, and which, if not dealt with, may cause the financial institution to be no longer able to continue its business or operations as a financial institution.
[Act 31 of 2017 wef 05/06/2018]
[Deleted by Act 31 of 2017 wef 05/06/2018]
[Act 31 of 2017 wef 04/06/2018]
[Act 9 of 2013 wef 18/04/2013]