No. S 704
Central Provident Fund Act
(Chapter 36)
Central Provident Fund (Investment Schemes) (Amendment No. 2) Regulations 2007
In exercise of the powers conferred by section 77(1)(n) of the Central Provident Fund Act, the Minister for Manpower, after consulting with the Central Provident Fund Board, hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Central Provident Fund (Investment Schemes) (Amendment No. 2) Regulations 2007 and shall come into operation on 1st January 2008.
Amendment of regulation 38
2.  Regulation 38(3) of the Central Provident Fund (Investment Schemes) Regulations (Rg 9) is amended by deleting the definition of “E” and substituting the following definition:
 
 
“E”
is the whole or such part, as the Board may determine, of the interest that would have been payable on the available amount withdrawn under these Regulations, had the member not withdrawn that amount from his ordinary account; and
 
 
”.
Amendment of regulation 44
3.  Regulation 44 of the Central Provident Fund (Investment Schemes) Regulations is amended —
(a)by deleting the words “any interest that would have accrued thereto” in paragraphs (1)(a) and (2)(a) and (b) and substituting in each case the words “the whole or such part, as the Board may determine, of any interest that would have been payable thereon”; and
(b)by deleting the words “any interest that would have accrued thereto” in paragraph (1)(b) and substituting the words “the whole or such part, as the Board may determine, of the interest that would have been payable on the moneys withdrawn by him under these Regulations for the purchase or acquisition of those securities,”.
[G.N. Nos. S 723/2006; S514/2007]

Made this 21st day of December 2007.

LEO YIP
Permanent Secretary,
Ministry of Manpower,
Singapore.
[MMS 7/68 V52; AG/LEG/SL/36/2005/33 Vol. 1]
(To be presented to Parliament under section 78(2) of the Central Provident Fund Act).