Definition of “pertinent financial institution”
5.  For the purposes of the definition of “pertinent financial institution” in section 49 of the Act, each of the following persons is a pertinent financial institution for the purposes of Part IVB of the Act:
(a)a bank;
(b)a finance company licensed under the Finance Companies Act (Cap. 108);
(c)a merchant bank;
(d)a financial holding company;
(e)an operator or a settlement institution of a designated payment system under the Payment Services Act 2019;
[S 843/2019 wef 28/01/2020]
(f)an approved exchange, a recognised market operator, a licensed trade repository, a licensed foreign trade repository, an approved clearing house, a recognised clearing house, an approved holding company, a depository, or a holder of a capital markets services licence under the Securities and Futures Act (not being a holder of a capital markets services licence under the Securities and Futures Act who carries on business in the regulated activity of providing credit rating services);
(g)a trustee for a collective investment scheme authorised under section 286 of the Securities and Futures Act, that is approved under that Act;
(h)a licensed trust company under the Trust Companies Act;
(i)an insurer licensed under the Insurance Act.