Singapore legislation

Section 41

of Exchange Control Act 1953

Section 41

Persons leaving scheduled territories

Where a person resident in Singapore leaves the scheduled territories, the Authority may, before, at or after the time he leaves the scheduled territories, direct that, for such period as may be specified in the direction, payments by him or on his behalf and to him or to his credit and transactions in or in relation to Treasury bills, securities or secondary securities in which he is in any way concerned shall, whether or not he continues to be resident in Singapore, be subject to such restrictions as may be specified in the direction.