Singapore legislation
Clause 16
Clause 16
Investment of funds
The Board may from time to time apply any of its funds not immediately required to be expended in the meeting of the obligations or in the discharge of the functions of the Board —
(a)
for investment in any of the securities in which trust funds may, under any written law for the time being in force relating to trustees, be invested; and
(b)
with the approval of the Minister, for investment in such shares, funds, securities, financial derivatives or investments as the Board thinks fit.