Comparison View

Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  1999 RevEd
Statutory powers of investment
6.—(1)  In the case of trustees constituted under any written law, other than the Companies Act (Cap. 50), the power to invest in any manner mentioned in Parts II and III of the First Schedule shall apply only in so far as the Minister may direct.
[42/2001 wef 01/07/2002]
[23/92]
(2)  Where any body of persons, not being trustees, have under any written law power (however expressed) to make the like investments as trustees are for the time being authorised by law to make, the power to invest in any manner mentioned in Parts II and III of the First Schedule shall not apply to the body except in so far and to such extent as the Minister may direct.
[23/92]
(3)  Any direction under this section may be given generally or in a particular case, and unconditionally or subject to conditions.
[23/92]
Informal Consolidation | Amended Act 38 of 2002
Statutory powers of investment
6.—(1)  In the case of trustees constituted under any written law, other than the Securities and Futures Act 2001, the power to invest in any manner mentioned in Parts II and III of the First Schedule shall apply only in so far as the Minister may direct.
[42/2001 wef 01/07/2002]
[23/92]
(2)  Where any body of persons, not being trustees, have under any written law power (however expressed) to make the like investments as trustees are for the time being authorised by law to make, the power to invest in any manner mentioned in Parts II and III of the First Schedule shall not apply to the body except in so far and to such extent as the Minister may direct.
[23/92]
(3)  Any direction under this section may be given generally or in a particular case, and unconditionally or subject to conditions.
[23/92]