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Government Securities Act

(CHAPTER 121A)

(Original Enactment: Act 1 of 1992)

REVISED EDITION 2002

(31st December 2002)

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]

PART I

PRELIMINARY

Short title

1. This Act may be cited as the Government Securities Act.

Interpretation

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;

[2/2010 wef 01/04/2010]

“Government Securities Fund” means the Government Securities Fund established under Part II;

“Government securities” means stocks, bearer bonds, book-entry Government securities or other securities which may be issued under this Act;

“primary dealer” means a person approved under Part VIIA to be a primary dealer;

[2/2010 wef 01/04/2010]

“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.