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Contents

Long Title

Part I PRELIMINARY

Part II ESTABLISHMENT, CAPITAL AND ADMINISTRATION OF AUTHORITY

Part III PROVISIONS RELATING TO STAFF, ETC

Part IV POWERS, DUTIES AND FUNCTIONS OF AUTHORITY

Part IVA CONTROL OVER FINANCIAL INSTITUTIONS

Part IVB RESOLUTION OF FINANCIAL INSTITUTIONS

Division 1 — General provisions

Division 2 — Compulsory transfer of business of pertinent financial institution

Division 3 — Compulsory transfer of shares of pertinent financial institution

Division 4 — Compulsory restructuring of share capital of pertinent financial institution

Division 5 — Assistance to foreign resolution authorities and domestic authorities

Division 6 — Miscellaneous

Part V FINANCIAL SECTOR DEVELOPMENT FUND

Part VA BOOK-ENTRY SECURITIES ISSUED BY AUTHORITY

Part VB PRIMARY DEALERS FOR SECURITIES ISSUED BY AUTHORITY

Part VI MISCELLANEOUS

THE SCHEDULE Written Laws

Legislative History

Comparative Table

 
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On 22/05/2013, you requested for the version in force on 22/05/2013 incorporating all amendments published on or before 22/05/2013. The closest version currently available is that of 18/04/2013.
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Monetary Authority of Singapore Act
(CHAPTER 186)

(Original Enactment: Act 42 of 1970)

REVISED EDITION 1999
(30th December 1999)
An Act to establish a corporation to be known as the Monetary Authority of Singapore, to provide for the exercise of control over and the resolution of financial institutions and their related entities by the Monetary Authority of Singapore and other authorities, and to establish a framework for the issue of securities by the Monetary Authority of Singapore and the regulation of primary dealers of such securities, and for matters incidental thereto and connected therewith.
[26th December 1970: Parts I, II and VI ;
1st January 1971: Parts III and IV ;
8th October 1999: Part V]
PART I
PRELIMINARY
Short title
Interpretation
2.  In this Act, unless the context otherwise requires —
“Authority” means the Monetary Authority of Singapore established under section 3;
“bank” means a bank licensed under the Banking Act (Cap. 19);
“board” means the board of directors of the Authority;
“corporation” has the same meaning as in section 4(1) of the Companies Act (Cap. 50);
“director” means a director appointed under section 8(1) and the chairman and the deputy chairman of the board;
“financial instrument” has the same meaning as in section 2(1) of the Securities and Futures Act (Cap. 289);
[13/2007 wef 30/06/2007]
“managing director” means a director appointed under section 9(1);
“money market operations” means any transaction undertaken by the Authority as the central bank to manage liquidity in the banking system;
“officer”, in relation to the Authority, includes any person employed by the Authority in an executive capacity;
[26/84]
“primary dealer” means a person appointed under section 30Q as a primary dealer for securities issued by the Authority.