Financial Holding Companies Regulations 2022 - Singapore Statutes Online

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Financial Holding Companies Regulations 2022

Table of Contents

Enacting Formula

Part 1 PRELIMINARY

1 Citation and commencement

2 Definitions

Part 2 EQUITY INVESTMENTS AND IMMOVABLE PROPERTY

Division 1 — Preliminary

3 Definitions of this Part

Division 2 — Equity investments

4 Prescribed limit on equity investments, etc.

5 Valuation of equity investments

Division 3 — Immovable property

6 Limit on interests in or rights over immovable property

7 Valuation of immovable property

Part 3 MAJOR STAKES

Division 1 — Exclusion of certain major stakes

8 Exclusion of certain interests from section 31 of Act under section 31(7)(c) of Act

Division 2 — Computation of major stakes

9 Meaning of "affiliated company"

10 Holding by affiliated company treated as holding by DFHC

11 Affiliated company over which DFHC has no effective control

Part 4 LIMITATION OF MUTUAL SHAREHOLDINGS

12 Definitions of this Part

13 Limitation of mutual shareholdings under section 59(2)(b) of Act

14 Qualified major stake company over which DFHC has no effective control

15 Offences, penalties and defences

16 Grace period for mutual shareholdings

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