Singapore legislation

Section 17

MAS is agent

The MAS is by this Act appointed to act on the Government’s behalf as an agent —

(a)

for issuing of securities for moneys borrowed under this Act; and

(b)

for any other purpose that is connected with paragraph (a).

Without limiting subsection (1), the MAS may —

(a)

by public notice invite the public to apply to take up securities issued under this Act; and

(b)

refuse any application to take up securities issued under this Act without assigning any reason.

Subsection (1) does not prevent the exercise by the Minister of any power under this Act.