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← Payment and Settlement Systems (Finality and Netting) Act 2002

Payment and Settlement Systems (Finality and Netting) Act 2002 s 19

s 19 Appointment of assistants

19.—(1) Subject to subsection (2), the Authority may appoint any of its officers to exercise any of its powers or perform any of its functions or duties under this Act, either generally or in any particular case, except —(a) the power of appointment conferred by this subsection; and (b) the power to make subsidiary legislation.[4/2018] (2) The Authority may appoint one or more of its officers to exercise —(a) the power under section 20B(2) to grant an exemption to a particular person; or (b) the power under section 20B(3) to revoke an exemption granted under section 20B(2), or to add to, vary or revoke any condition of the exemption.[4/2018] [Act 5 of 2025 wef 09/03/2025] (2A) An appointment under subsection (2) must be published in the Gazette.[Act 5 of 2025 wef 09/03/2025] (3) Any officer appointed by the Authority under subsection (1) or (2) is deemed to be a public servant for the purposes of the Penal Code 1871.[4/2018]

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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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