Death
43.—(1)  Where a member dies after he has made an application to withdraw the whole or part of the available amount to purchase any securities under these Regulations, the Board may, notwithstanding the member’s death, permit withdrawals to be made for the payment of such securities.
[S 511/2008 wef 01/11/2008]
(2)  A member’s obligation to repay into the Fund the proceeds and benefits of any securities which he has purchased or acquired pursuant to any investment scheme introduced under Part II or III, and which he has not withdrawn with the approval of the Board under regulation 40(1)(a)(ii), shall cease upon his death.
[S 511/2008 wef 01/11/2008]
(3)  Where —
(a)a member has purchased or acquired pursuant to any investment scheme introduced under Part IV, and has not withdrawn with the approval of the Board under regulation 40(1)(b), any securities;
(b)those securities are shares in an approved corporation; and
[S 289/2022 wef 01/04/2022]
(c)either of the following applies:
(i)the member died before 1st January 1996; or
(ii)the member died on or after 1st January 1996, and no person has been nominated by the member under section 25(1) of the Act to receive those securities or any portion thereof,
the member’s obligation to repay into the Fund the proceeds and benefits of those securities or of that portion thereof, as the case may be, shall cease upon the Board being notified of his death.
[S 511/2008 wef 01/11/2008]
[S 819/2010 wef 01/01/2011]
(4)  A member’s obligations under regulations 24 and 25 to repay into the Fund any moneys standing to his credit in his CPF Investment Account shall cease upon his death.
[S 511/2008 wef 01/11/2008]