Monetary Authority of Singapore Act

(CHAPTER 186)

(Original Enactment: Act 42 of 1970)

REVISED EDITION 1999

(30th December 1999)

An Act to establish a corporation to be known as the Monetary Authority of Singapore and for matters incidental thereto and connected therewith.

[13/2007 wef 30/06/2007]

[26th December 1970: Parts I, II and VI ;

1st January 1971: Parts III and IV ;

8th October 1999: Part V]

PART I

PRELIMINARY

Short title

1. This Act may be cited as the Monetary Authority of Singapore Act.

Interpretation

2. In this Act, unless the context otherwise requires —

“Authority” means the Monetary Authority of Singapore established under section 3;

“bank” means a bank licensed under the Banking Act (Cap. 19);

“board” means the board of directors of the Authority;

“director” means a director appointed under section 8(1) and the chairman and the deputy chairman of the board;

“financial instrument” has the same meaning as in section 2(1) of the Securities and Futures Act (Cap. 289);

[13/2007 wef 30/06/2007]

“managing director” means a director appointed under section 9(1);

[24/2003 wef 01/01/2004]

[26/84]

“money market operations” means any transaction undertaken by the Authority as the central bank to manage liquidity in the banking system;

“officer”, in relation to the Authority, includes any person employed by the Authority in an executive capacity.

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