Persons mentioned in sections 33(1)(c)(i), 34(3)(a) and 40(2) of Act
4. For the purposes of sections 33(1)(c)(i), 34(3)(a) and 40(2) of the Act —
(a)
[Deleted by S 459/2021 wef 01/07/2021]
(b)
where the relevant financial institution is a financial holding company, the persons mentioned in sections 33(1)(c)(i), 34(3)(a) and 40(2) of the Act are —
(i)
the depositors of a bank which is a subsidiary of the financial holding company; and
(ii)
the policy owners of the insurance policies issued by an insurer which is a subsidiary of the financial holding company and licensed under the Insurance Act (Cap. 142).