Singapore legislation
Clause 8
Clause 8
Amendment of section 15
Section 15 of the principal Act is amended by deleting subsection (4) and substituting the following subsection:“(4) The Board may —
(a)
invest its moneys in such securities and other investments as it thinks fit, including the deposit of moneys with financial institutions and other business or professional bodies; and
(b)
engage in any financial activity or participate in any financial arrangement for the purpose of managing or hedging against any financial risk that arises or is likely to arise from such investment.”.