Published Date: 30 June 2021

Notice 1019 Meaning of Customer under Section 40A as applied by Section 55ZJ(1)

Exclusions from the term "customer" under section 40A of the Banking Act as applied by Section  55ZJ(1).
Issued pursuant to: Banking Act (Cap. 19)
This notice applies to all merchant banks in Singapore. It specifies that, under section 40A as applied by section 55ZJ(1) of the Banking Act, the term "customer" also excludes any company carrying on merchant banking business or investment banking business.

Amendment Notes

There are no amendment notes for this notice.