Comparison View

Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  1999 RevEd
Principal objects of Authority
4.  The principal objects of the Authority shall be —
(a)to act as banker to, and financial agent of, the Government;
(b)to promote, within the context of the general economic policy of the Government, monetary stability and credit and exchange conditions conducive to the growth of the economy;
(c)to foster a sound and progressive financial services sector; and
(d)to exercise the powers and to perform the duties and functions that are transferred to the Authority under section 21.
[30/2004 wef 12/10/2004]
[28/98]
Informal Consolidation | Amended Act 13 of 2007
Principal objects and functions of Authority
4.—(1)  The principal objects of the Authority shall be —
(a)to maintain price stability conducive to sustainable growth of the economy;
(b)to foster a sound and reputable financial centre;
(c)to ensure prudent and effective management of the official foreign reserves of Singapore; and
(d)to grow Singapore as an internationally competitive financial centre.
(2)  The functions of the Authority shall be —
(a)to act as the central bank of Singapore, including the conduct of monetary policy, the issuance of currency, the oversight of payment systems and serving as banker to and financial agent of the Government;
(b)to conduct integrated supervision of financial services and financial stability surveillance;
(c)to manage the official foreign reserves of Singapore; and
(d)to develop Singapore as an international financial centre.
[13/2007 wef 30/06/2007]