Monetary Authority of Singapore (Amendment) Bill |
Bill No. 19/1998
Read the first time on 1st June 1998. |
An Act to amend the Monetary Authority of Singapore Act (Chapter 186 of the 1985 Revised Edition). |
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: |
Short title and commencement |
1. This Act may be cited as the Monetary Authority of Singapore (Amendment) Act 1998 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint. |
Amendment of section 4 |
2. Section 4 of the Monetary Authority of Singapore Act (referred to in this Act as the principal Act) is amended —
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Amendment of section 7 |
3. Section 7(3) of the principal Act is amended by deleting the word “six” in paragraph (b) and substituting the words “not less than 4 and not more than 9”. |
Amendment of section 10 |
4. Section 10(1) of the principal Act is amended —
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Amendment of section 12 |
5. Section 12(2) of the principal Act is amended by deleting the word “directors,” in the second line and substituting the words “directors or a simple majority of the directors, whichever is the larger,”. |