Singapore legislation
Clause 30
Clause 30
Related amendments to Government Securities Act 1992
(1)
Section 2 of the Government Securities Act 1992 is amended by inserting, immediately after the definition of “primary dealer”, the following definition: “ “public debt securities” means any securities issued under the Significant Infrastructure Government Loan Act 2021;”.
(2)
Section 24(1) of the Government Securities Act 1992 is amended by inserting, immediately after the words “specified in” in paragraph (a), the words “accordance with”.
(3)
Section 29A(1) of the Government Securities Act 1992 is amended —
by inserting, immediately after the words “Government securities” in paragraphs (a) and (b), the words “or public debt securities”; (b)by inserting, immediately after the words “section 30” in paragraph (a), the words “or the Significant Infrastructure Government Loan Act 2021”; and
by inserting, immediately after the words “section 24A” in paragraph (b), the words “or the Significant Infrastructure Government Loan Act 2021”.
(4)
Section 31(1) of the Government Securities Act 1992 is amended by inserting, immediately after the words “or advance deposits accepted” in paragraph (c), the words “, which may include by syndicated arrangements or like arrangements involving financial institutions agreeing to underwrite any issue of Government securities under this Act, to be liable to subscribe for or to procure subscribers for Government securities, or to provide other financial accommodation to the Government with respect to any Government securities”.