Government Securities Bill

Bill No. 23/1991

Read the first time on 29th July 1991.
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:
Short title and commencement
1.  This Act may be cited as the Government Securities Act 1991 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
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.