Monetary Authority of Singapore (Resolution of Financial Institutions) Regulations 2018
Table of Contents
Enacting Formula
Part 1 PRELIMINARY
1 Citation and commencement
2 General definitions
3 Definition of "affected person"
4 Definition of "excluded financial institution"
5 Definition of "pertinent financial institution"
6 Definition of "relevant provisions"
7 Definitions of "significant shareholder"
8 Definitions of "significant shareholder provisions"
9 Meaning of "financial contract"
Part 2 COMPULSORY TRANSFER OF BUSINESS
10 Definition of this Part
11 Setting-off and netting rights
12 Rights and liabilities connected with clearing and settlement arrangement of market infrastructure
13 Rights and liabilities connected with designated system
14 Secured liabilities
15 Protected covered bonds
16 Information under section 58(2) of Act
Part 3 REVERSE TRANSFER OF BUSINESS AND ONWARD TRANSFER OF BUSINESS
17 Information under section 62(2) of Act
18 Restrictions on reverse transfer
19 Information under section 64(2) of Act
Part 4 INFORMATION IN CERTIFICATES
20 Information under section 67(2) of Act
21 Information under section 70(2) of Act
Part 5 BAIL‑IN POWERS
22 Definition of "Division 4A financial institution"
23 Definition of "eligible instrument"
24 Particulars under section 75(4) of Act
25 Restrictions on eligible instruments
26 Disclosure requirement
Part 6 TERMINATION RIGHTS
27 Persons excluded from section 84 of Act
Part 7 COMPENSATION
28 Definition of "Division 5C FI"
29 Form, manner and timing for payment of compensation
30 Criteria for appointment and removal of valuer
31 Valuation principles
32 Information to be specified in valuation report
Part 8 EXEMPTION
33 Exemption from moratorium provisions of Act
Part 9 MISCELLANEOUS
34 Revocation
FIRST SCHEDULE Affected persons
SECOND SCHEDULE Relevant provisions
THIRD SCHEDULE Significant shareholders
FOURTH SCHEDULE Significant shareholder provisions