Payment Systems (Oversight) (Amendment) Bill |
Bill No. 37/2012
Read the first time on 12th November 2012. |
An Act to amend the Payment Systems (Oversight) Act (Chapter 222A of the 2007 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 Payment Systems (Oversight) (Amendment) Act 2012 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint. |
Amendment of section 3 |
2. Section 3(1) of the Payment Systems (Oversight) Act (referred to in this Act as the principal Act) is amended by deleting the words “Parts III and IV” and substituting the words “Parts III to VI”. |
New section 27A |
Amendment of section 28 |
4. Section 28 of the principal Act is amended —
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