Division 1 General provisions
Division 2 Recovery and resolution planning
Division 1 General provisions
Division 2 Compulsory transfer of business of pertinent financial institution
Division 2A Reverse transfer of business and onward transfer of business
Division 3 Compulsory transfer of shares of pertinent financial institution
Division 4 Compulsory restructuring of share capital of pertinent financial institution
Division 4A Bail-in powers
Division 4B Termination rights
Division 5 Assistance to foreign resolution authorities and domestic authorities
Division 5A Recognition of foreign resolutions
Division 5B Resolution funding
Division 5C Compensation
Division 6 Miscellaneous
Division 1 General provisions
Division 2 Assistance to AML/CFT authorities
Division 3 Assistance to domestic authorities
Division 4 Additional provisions for Divisions 2 and 3
Division 5 Inspection by AML/CFT authority
| Division 5C — Compensation |
| Interpretation of this Division |
112. In this Division, unless the context otherwise requires —
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| Meaning of “worse off as a result of the resolution” |
| Eligibility for compensation |
114.—(1) A pre-resolution creditor or pre-resolution shareholder of a Division 5C FI under resolution that is worse off as a result of the resolution, is eligible for compensation of the amount mentioned in subsection (2).
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| Appointment of valuer |
115.—(1) The Minister must, as soon as practicable, after the resolution date of a Division 5C FI under resolution, appoint a valuer for the Division 5C FI.
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| Valuation |
116.—(1) A valuer for a Division 5C FI under resolution must conduct the valuation of the Division 5C FI in accordance with the valuation principles that are prescribed by regulations made under section 126, and any other valuation principles specified by the Authority by written notice to the valuer.
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| Access to information by valuer |
117.—(1) A Division 5C FI under resolution for which a valuer is appointed must —
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| Confidentiality and use of information |
118.—(1) A valuer must not use or disclose any information obtained under this Division other than for the performance of its functions under this Division.
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| Disclosure of valuation report |
119.—(1) A valuer of a Division 5C FI under resolution may, with the Authority’s approval, disclose the whole or any part of the valuation report of the Division 5C FI to the Division 5C FI, any pre-resolution creditor or pre-resolution shareholder of the Division 5C FI, or the public.
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| Appeals |
120.—(1) The Authority may appeal to the Court against a valuation report if it is dissatisfied with —
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