| Town Councils Act |
| Town Councils Financial (Amendment) Rules 2021 |
|
| Citation and commencement |
| 1. These Rules are the Town Councils Financial (Amendment) Rules 2021 and come into operation on 5 July 2021. |
| Amendment of First Schedule |
| 2. Paragraph 2 of the First Schedule to the Town Councils Financial Rules (R 1) is amended by deleting the words “approved as a financial institution under the Monetary Authority of Singapore Act (Cap. 186)” and substituting the words “that holds a merchant bank licence, or that is treated as having been granted a merchant bank licence, under the Banking Act (Cap. 19)”. |
Permanent Secretary, Ministry of National Development, Singapore. |
| [AG/LEGIS/SL/329A/2020/9 Vol. 1] |