Singapore legislation

Clause 28

of Significant Infrastructure Government Loan Bill

Clause 28

Related amendments to Finance Companies Act 1967

(1)

Section 2 of the Finance Companies Act 1967 is amended —

(a)

by deleting the definition of “Government securities”; and

(b)

by inserting, immediately after the definition of “share”, the following definition:“ “Singapore Government securities” means any debt securities issued by the Government under any written law;”.

(2)

Section 23(4) of the Finance Companies Act 1967 is amended by deleting the words “Government securities” in paragraph (a) and substituting the words “Singapore Government securities”.

(3)

Section 32(4) of the Finance Companies Act 1967 is amended by deleting the words “Government securities” wherever they appear in paragraphs (b) and (c) and substituting in each case the words “Singapore Government securities”.

Read in full context — Significant Infrastructure Government Loan Bill →