Meaning of “depository institution”
6.  In these Regulations, “depository institution” means —
(a)a bank that holds a licence under section 7 or 79 of the Banking Act (Cap. 19);
[S 476/2021 wef 01/07/2021]
(b)a finance company licensed under the Finance Companies Act (Cap. 108); or
(c)a merchant bank that holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act.
[S 476/2021 wef 01/07/2021]