Section

SECTION 7: Restructuring, reorganisation, merger and disposal, etc. of banks

Part of: Banks and Other Financial Institutions Act 2020

(1) Except with the prior written consent of the Governor, no bank shall enter into an agreement or arrangement (a) which results in (i) a change in the control of the bank, or (ii) the transfer of a significant shareholding in the bank; (b) for…

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