Singapore legislation
Clause 3
Clause 3
New section 2A
The principal Act is amended by inserting, immediately after section 2, the following section: —“Interpretation2A. In this Act —“Fund Agreement” means the Articles of Agreement of the International Monetary Fund as originally adopted and as subsequently amended —
pursuant to Resolution No. 23-5 adopted by the Board of Governors of the Fund on 31st May, 1968 in order to institute a facility based on special drawing rights; and
pursuant to Resolution No. 31-4 adopted by the Board of Governors of the Fund on 30th April, 1976 in order to establish a reformed international monetary system;“Monetary Authority of Singapore” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act (Cap. 195);“the Fund” means the International Monetary Fund established under the Fund Agreement.”.