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← Financial Services and Markets Act 2022

Financial Services and Markets Act 2022 s 88

s 88 Directions for disposal

88.—(1) If the Minister is satisfied that any person has failed to comply with a condition imposed on the person in section 87(2) or (3), or if the Minister has served a notice on the person in section 87(5), the Minister may, by written notice —(a) direct the transfer or disposal of all or any of the shares in the Division 6 FI or resulting FI held by the person within such time and in such manner as the Minister considers appropriate; (b) restrict the transfer or disposal of those shares; or (c) make such other direction as the Minister considers appropriate. (2) Any person to whom a notice is given under subsection (1) must comply with each direction specified in the notice.

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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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