Government Securities Act

(Original Enactment: Act 1 of 1992)

(30th April 2014)
An Act to establish and regulate the Government Securities Fund and to provide for the borrowing of moneys by the issue of Government securities in Singapore.
[6th March 1992]
Short title
1.  This Act may be cited as the Government Securities Act.
2.  In this Act, unless the context otherwise requires —
“advance deposits” means such deposits as are received under section 27;
“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (Cap. 186);
“bearer bonds” means bearer bonds issued under Part IV;
“book-entry Government securities” means any stock or bond issued in Singapore under Part V in the form of an entry on the records of the Authority;
“financial institution” means any person licensed, approved, registered or regulated by the Authority, or exempted from such licensing, approval, registration or regulation, under any written law administered by the Authority;
“Government securities” means stocks, bearer bonds, book-entry Government securities or other securities which may be issued under this Act;
“Government Securities Fund” means the Government Securities Fund established under Part II;
“primary dealer” means a person approved under Part VIIA to be a primary dealer;
“regulations” means regulations made under this Act and, in relation to any particular issue of Government securities, includes any notification in the Gazette varying such regulations in relation to that issue;
“sinking fund” means the sinking fund created under section 25;
“stocks” means stocks issued under Part IV;
“trustee stock” means any of the securities mentioned in the Trustees Act (Cap. 337) in which trustees may invest.