s 57FC Application and interpretation of sections 57FD and 57FE
57FC.—(1) This section and sections 57FD and 57FE apply to, and in relation to, all individuals whether resident in Singapore or not and whether citizens of Singapore or not, and to all bodies corporate and unincorporate, whether incorporated or carrying on business in Singapore or not.[1/2020]
(2) In sections 57FD and 57FE —“arrangement” includes any formal or informal scheme, arrangement or understanding, and any trust whether express or implied;
“licensee” means a person who is granted a licence under section 57B and is incorporated in Singapore.[1/2020]
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