My bookmarksSign up free
← Financial Services and Markets Act 2022

Financial Services and Markets Act 2022 s 133

s 133 Immunity for officer of specified financial institution or significant associated entity

133.—(1) No civil or criminal liability is incurred by an officer of a specified financial institution, or of a significant associated entity referred to in section 130, for anything done (including any statement made) or omitted to be done with reasonable care and in good faith in complying with any provision of this Part or any direction given, notice issued or requirement imposed by the Minister or the Authority under this Part. (2) In this section, “officer”, in relation to a specified financial institution or a significant associated entity referred to in section 130, includes —(a) a director, a secretary or an executive officer of the specified financial institution or significant associated entity, as the case may be; (b) a receiver or manager of any part of the undertaking of the specified financial institution or significant associated entity (as the case may be) appointed under a power contained in any instrument; and (c) a liquidator of the specified financial institution or significant associated entity (as the case may be) appointed in a voluntary winding up.

Read this section in the full act → · Open Division 12 →

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