s 43 Inspection of banks and their local subsidiaries
43.—(1) The Authority may inspect under conditions of secrecy, the books of each bank in Singapore and of any branch, agency or office outside Singapore opened by a bank incorporated in Singapore.[5/2016] (2) The Authority may inspect under conditions of secrecy, the books of each subsidiary incorporated in Singapore of a bank incorporated in Singapore, not being a subsidiary that is regulated or licensed by the Authority under any other Act.[5/2016] (3) To avoid doubt, this section, and sections 44A and 46 in relation to an inspection under this section, do not apply to any inspection by the Authority for a purpose mentioned in section 169 of the Financial Services and Markets Act 2022.[31/2017] [Act 18 of 2022 wef 28/04/2023]