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← Exchange Control Act 1953

Exchange Control Act 1953 s 36

s 36 Enforcement and administration

36.—(1) The provisions of the Fifth Schedule shall have effect for the purpose of the enforcement of this Act. (2) Persons belonging to the following classes:(a) bankers, authorised dealers, authorised depositaries; (b) persons to whom any powers of the competent authority under this Act are delegated; (c) persons who with the permission of the competent authority are in possession of documents which would, but for the permission, have to be in the custody of an authorised depositary; (d) persons concerned with the keeping of any register in Singapore; (e) persons entrusted with the payment of capital moneys, dividends or interest in Singapore, shall comply with such directions as may be given to them respectively by the Authority, being — (f) in the case of any such persons, directions as respects the exercise of any functions exercisable by them by virtue of, or by virtue of anything done under, any provision of this Act; or (g) in the case of authorised dealers, such directions or directions as to the terms on which they are to accept gold or foreign currency or directions requiring them to offer their gold or specified currency for sale to the Authority on such terms as may be specified in any such directions.

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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.

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