Monetary Authority of Singapore Act(CHAPTER 186)
Table of Contents
Long Title
Part I PRELIMINARY
1 Short title
2 Interpretation
Part II ESTABLISHMENT, CAPITAL AND ADMINISTRATION OF AUTHORITY
3 Establishment of Authority
4 Principal objects of Authority
5 Authorised capital
6 General Reserve Fund
7 Board of directors
8 Appointment of directors
9 Appointment of managing director
10 Disqualification of directors
11 Vacancies in office of director
11A Presidential concurrence
12 Meetings and decisions of board
13 Director’s interest in contract to be made known
13A Appointment of committees and delegation of powers
14 Preservation of secrecy
15 Remuneration not to be related to profits
16 Public servants
Part III PROVISIONS RELATING TO STAFF,TRANSFER OF FUNCTIONS, EMPLOYEES AND ASSETS, ETC
17 Appointment of employees
18 Transfer of employees
19 Pension schemes, provident fund, etc.
20 No entitlement in respect of abolition or reorganisation of office
21 Transfer of functions, powers, duties, assets and liabilities, etc., to Authority
22 Immunity of Authority, directors and employees, etc.
Part IV POWERS, DUTIES AND FUNCTIONS OF AUTHORITY
23 Powers, duties and functions of Authority
24 Investment of funds
25 Authority as a banker to, and financial agent of, Government and manager of its external assets
26 Special loans to banks, financial institutions, etc.
27 Power to issue directions to financial institutions
27A Directions or regulations to discharge Government’s international obligations
28 Power to approve financial institutions and control their operations
29 Fees
29A Real-time gross settlement system
30 Agents
Part V FINANCIAL SECTOR DEVELOPMENT FUND
30A Establishment of Financial Sector Development Fund
30B Objects of Fund and expenditure of moneys of Fund
30C Investment
30D Financial provisions
Part VI MISCELLANEOUS
31 Statistics
32 Authority’s financial year
32A Budget
33 Audit
34 Preparation and publication of financial statements and annual report
35 Borrowing from Authority by employees
36 Power to appoint attorney
37 Validity of acts and transactions of Authority
38 Guarantee by Government
39 Fiat of Attorney-General
39A Legal officer of Authority may act for Authority in civil proceedings
40 (Repealed)
41 Jurisdiction of District Court
42 Power of Authority to make regulations
43 Operation of Act not to affect Currency Act
Legislative History
Comparative Table