Government Securities Act 1992 - Singapore Statutes Online

REPUBLIC OF SINGAPORE

GOVERNMENT GAZETTE

ACTS SUPPLEMENT

Published by Authority

NO. 1]

Friday, March 6

[1992

The following Act was passed by Parliament on 27th February 1992 and assented to by the President on 2nd March 1992:—

Government Securities Act 1992

(No. 1 of 1992)

I assent.

WEE KIM WEE

President.

2nd March 1992.

Date of Commencement: 6th March 1992

An Act to establish and regulate the Government Securities Fund and to provide for the borrowing of moneys by the issue of Government securities in Singapore.

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:

PART I

PRELIMINARY

Short title and commencement

1. This Act may be cited as the Government Securities Act 1992 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

Interpretation

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

“advance deposits” means such deposits as are received under section 27;

“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (Cap. 186);

“bearer bonds” means bearer bonds issued under Part IV;

“book-entry Government securities” means any stock or bond issued in Singapore under Part V in the form of an entry on the records of the Authority;

“Government Securities Fund” means the Government Securities Fund established under Part II;

“Government securities” means stocks, bearer bonds, book-entry Government securities or other securities which may be issued under this Act;

“regulations” means regulations made under this Act and, in relation to any particular issue of Government securities, includes any notification in the Gazette varying such regulations in relation to that issue;

“sinking fund” means the sinking fund created under section 25;

“stocks” means stocks issued under Part IV;

“trustee stock” means any of the securities mentioned in the Trustees Act (Cap. 337) in which trustees may invest .

Search within Legislation