Government Securities (Amendment) Bill

Bill No. 12/2015

Read the first time on 13th April 2015.
An Act to amend the Government Securities Act (Chapter 121A of the 2014 Revised Edition).
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:
Short title and commencement
1.  This Act may be cited as the Government Securities (Amendment) Act 2015 and comes into operation on such date as the Minister may, by notification in the Gazette, appoint.
New section 18A
2.  The Government Securities Act is amended by inserting, immediately after section 18, the following section:
Transfers and pledges of book-entry Government securities
18A.  A holder of book-entry Government securities may transfer or pledge the book-entry Government securities, except where the transfer or pledge is prohibited in, or is not in accordance with, the terms of the issue of the book-entry Government securities.”.