My bookmarksSign up free
← Banking Act 1970

Banking Act 1970 s 44

s 44 Special investigation of banks

44. The Authority may at any time make an investigation, under conditions of secrecy, of the books of any bank in Singapore, if it has reason to believe that any bank —(a) is carrying on its business in a manner likely to be detrimental to the interests of its depositors and other creditors; (b) has insufficient assets to cover its liabilities to the public; or (c) is contravening the provisions of this Act.

Read this section in the full act → · Open PART 7 →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next