Monetary Authority of Singapore Act

(Original Enactment: Act 42 of 1970)

[26th December 1970: Parts I, II and V ;
1st January 1971: Parts III and IV ]
Short title
1.  This Act may be cited as the Monetary Authority of Singapore Act.
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]
“money market operations” means any transaction undertaken by the Authority as the central bank to manage liquidity in the banking system;
[24/2003 wef 01/01/2004]
“officer”, in relation to the Authority, includes any person employed by the Authority in an executive capacity.
[24/2003 wef 01/01/2004]