§ 84 — Interpretation of this Part

84. In this Part, unless the context otherwise requires —“enforce” means enforce through criminal or administrative proceedings;

“enforcement”, in relation to a regulatory authority, means the taking of any action to enforce a law or regulatory requirement against a specified person, being a law or regulatory requirement that relates to the payment systems or payment services of the foreign country of the regulatory authority concerned;

“foreign country” means a country or territory other than Singapore;

“investigation”, in relation to a regulatory authority, means an investigation to determine if a specified person has contravened or is contravening a law or regulatory requirement, being a law or regulatory requirement that relates to the payment systems or payment services of the foreign country of the regulatory authority concerned;

“material” includes any information, book, document or other record in any form whatsoever, and any container or article relating to that information, book, document or record;

“prescribed written law” means this Act, or any of the following Acts, and any subsidiary legislation made under this Act or those Acts:(a)

Banking Act 1970;

(b)

Finance Companies Act 1967;

(c)

Financial Advisers Act 2001;

(d)

Financial Holding Companies Act 2013;

(da)

Financial Services and Markets Act 2022;[Act 18 of 2022 wef 28/04/2023]

(e)

Insurance Act 1966;

(f)

Monetary Authority of Singapore Act 1970;

(g)

Securities and Futures Act 2001;

(h)

such other Act as the Authority may prescribe;

“regulatory authority”, in relation to a foreign country, means an authority of the foreign country exercising any function that corresponds to a regulatory function of the Authority under this Act;

“supervision”, in relation to a regulatory authority, means the taking of any action for or in connection with the supervision of —(a)

a licensee that is regulated by the regulatory authority;

(b)

an operator, a settlement institution or a participant, of a designated payment system, that is regulated by the regulatory authority; or

(c)

any other person regulated by the regulatory authority.