Type B financial institutions
4.  Each of the following financial institutions is prescribed as a Type B financial institution for the purposes of section 40A(5) of the Act:
(a)a bank that is incorporated in Singapore;
(b)a licensed insurer that is incorporated in Singapore;
(c)a designated financial holding company;
[S 500/2022 wef 30/06/2022]
(d)an operator or a settlement institution of a designated payment system under the Payment Services Act 2019;
(e)an approved exchange as defined in section 2(1) of the Securities and Futures Act;
(f)a licensed trade repository as defined in section 2(1) of the Securities and Futures Act;
(g)an approved clearing house as defined in section 2(1) of the Securities and Futures Act;
(h)the Depository as defined in section 81SF of the Securities and Futures Act;
(i)an approved holding company as defined in section 2(1) of the Securities and Futures Act.