Banking (Exemption from Restrictions on Issue of Stored Value Cards) Notification

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Banking Act

(Chapter 19, Section 77A(6))

Banking (Exemption from Restrictions on Issue of Stored Value Cards) Notification

N 7

G.N. No. S 616/2002

REVISED EDITION 2004

(29th February 2004)

[9th December 2002]

Citation

1. This Notification may be cited as the Banking (Exemption from Restrictions on Issue of Stored Value Cards) Notification.

Exemption

2.—(1) The Authority hereby exempts Transit Link Pte Ltd from section 77A(1) of the Act in respect of the issue of the Transit Contactless Smart Card.

(2) The exemption in sub-paragraph (1) is subject to such conditions as may be specified in writing by the Authority to the company.

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