Singapore legislation

Section 23

of Exchange Control Act 1953

Section 23

Restrictions on import

(1)

Except with the permission of the Authority, no person shall import into Singapore —

(a)

such notes as may be specified by order of the Authority, being notes issued by a bank or notes of a class which are or have at any time been legal tender in any territory;

(b)

any Treasury bills; or

(c)

any certificate of title to any security, including any such certificate which has been cancelled, and any document certifying the destruction, loss or cancellation of any certificate of title to a security.

(2)

In this section and section 24, “note” includes part of a note, “security” includes a secondary security and “coupon” shall be construed in accordance with the meaning of “security”.