Significant Infrastructure Government Loan Regulations 2021

No. S 702

Significant Infrastructure
Government Loan Act 2021

(ACT 15 OF 2021)

Significant Infrastructure
Government Loan Regulations 2021

In exercise of the powers conferred by section 24 of the Significant Infrastructure Government Loan Act 2021, the Minister for Finance makes the following Regulations:

PART 1

PRELIMINARY

Citation and commencement

1. These Regulations are the Significant Infrastructure Government Loan Regulations 2021 and come into operation on 18 September 2021.

Definitions

2. In these Regulations, unless the context otherwise requires —

“application” means —

(a)	in Part 2 — an application to purchase one or more SINGA securities issued after conducting an auction in accordance with Part 2;
(b)	in Part 3 — an application to purchase one or more SINGA securities issued by syndication in accordance with Part 3; and
(c)	in Part 5 — an application to purchase one or more SINGA securities issued after conducting an auction in accordance with Part 2 or issued by syndication in accordance with Part 3, as the case may be;

“approved” means approved by the Minister;

“auction day” means such date as specified in a public notice as the auction day of an issue of SINGA securities;

“bid yield” means the yield expressed in an application;

“maturity date” means such date on which any SINGA security is redeemable at par;

“multiple pricing method” means the manner of allotting SINGA securities set out in regulation 12;

“public notice” means a public notice under section 17(2) of the Act inviting the public to apply to take up an issue of SINGA securities specified in the public notice;

“relevant electronic service” means an internet-based electronic service provided by the MAS for the purposes of these Regulations (even if there are other purposes), the terms of use of which are specified in agreements between the MAS and users of the service (which may take the form of a user guide);

“SINGA security” means a security issued under the Act;

“uniform pricing method” means the manner of allotting SINGA securities set out in regulation 13.

Methods of issue

3. SINGA securities may be issued after conducting an auction in accordance with Parts 2 and 5, or by syndication according to Parts 3 and 5.

Made on 17 September 2021.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[AG(S) 015/21; AG/LEGIS/SL/294D/2020/1 Vol. 1]

(To be presented to Parliament under section 25 of the Significant Infrastructure Government Loan Act 2021).

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