REPUBLIC OF SINGAPORE
GOVERNMENT GAZETTE
ACTS SUPPLEMENT
Published by Authority

NO. 22]Tuesday, April 26 [2011

The following Act was passed by Parliament on 11th April 2011 and assented to by the President on 13th April 2011:—
DEPOSIT INSURANCE AND POLICY OWNERS’ PROTECTION SCHEMES ACT 2011

(No. 15 of 2011)


I assent.

S R NATHAN,
President.
13th April 2011.
Date of Commencement: 1st May 2011
An Act to reconstitute the Deposit Insurance Scheme for the purpose of providing limited compensation to insured depositors under certain circumstances, to establish a Policy Owners’ Protection Scheme for the purpose of compensating (in part or whole) or otherwise assisting or protecting insured policy owners and beneficiaries under certain circumstances, to repeal the Deposit Insurance Act (Chapter 77A of the 2006 Revised Edition), to make consequential amendments to certain other written laws, and for matters connected therewith.
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:
PART I
PRELIMINARY