On 26/05/2013,
you requested for the version in force on 26/05/2013
incorporating all amendments published on or before 26/05/2013.
The closest version currently available is that of 25/03/1992.
12.
—(1) Investments of the Fund shall be made in the name of the trustees of the Fund.
(2) The Committee shall invest the Fund in such securities as it considers fit:
Provided that not less than 15% of the Fund is at all times retained in the current or deposit account with the Bank and not less than 35% of the Fund is invested in securities for the time being authorised by the laws of Singapore for the investment of trust moneys, but the investment shall not conflict with the investment policy on pensions or provident fund as laid down from time to time by the Comptroller of Income Tax.
(3) The Committee may, subject to paragraph (2), in its discretion, from time to time and at any time, realise, vary or transfer any investment and may reinvest any moneys or any part of the moneys received as the result of any such operation.
(4) The Committee may, for purposes referred to in paragraphs (2) and (3), seek the advice of any person in determining the choice of securities proposed to be invested in by the Committee.
(5) All documents relating to investments of the Fund shall be executed on behalf of the Fund by the trustees.