Singapore legislation
Section 14
Section 14
Payment of capital moneys outside Singapore
Except with the permission of the Authority —
(a)
no person in Singapore shall do any act with intent to secure that capital moneys payable on a security registered in Singapore are paid outside Singapore, or that, where the certificate of title to a security is in Singapore, capital moneys payable on the security are paid outside Singapore without production of the certificate to the person making the payment; and
(b)
no person resident in the scheduled territories shall in Singapore do any act which involves, is in association with or is preparatory to any such transaction outside Singapore as is referred to in paragraph (a).