Section 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 1970;“board” means the board of directors of the Authority;“corporation” has the meaning given by section 4(1) of the Companies Act 1967;“director” means a director appointed under section 8(1) and the chairperson and the deputy chairperson of the board;“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;“primary dealer” means a person appointed under section 145 as a primary dealer for securities issued by the Authority.