No. S 516
Stamp Duties Act
(Chapter 312)
Stamp Duties (Qualifying Islamic Financing Arrangements) (Remission) (Amendment) Rules 2010
In exercise of the powers conferred by sections 74 and 77 of the Stamp Duties Act, the Minister for Finance hereby makes the following Rules:
Citation and commencement
1.  These Rules may be cited as the Stamp Duties (Qualifying Islamic Financing Arrangements) (Remission) (Amendment) Rules 2010 and shall be deemed to have come into operation on 1st September 2010.
Amendment of rule 2
2.  Rule 2 of the Stamp Duties (Qualifying Islamic Financing Arrangements) (Remission) Rules 2005 (G.N. No. S 733/2005) is amended —
(a)by inserting, immediately after the definition of “financial institution”, the following definition:
“ “foreign financial institution” means an institution outside Singapore that is licensed or approved, or exempted from such licensing or approval, under any written law administered by its financial supervisory authority for the carrying on of financial activities;”; and
(b)by inserting, immediately after the words “financial institution” in the definition of “qualifying Islamic financing arrangement”, the words “or a foreign financial institution”.

Made this 6th day of September 2010.

PETER ONG
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF(R) 054.003.0001.V52; AG/LLRD/SL/312/2010/3 Vol. 1]