Singapore legislation
Clause 2
Clause 2
Amendment of section 2
In the Central Provident Fund Act 1953 (called in this Act the principal Act), in section 2(1) —
after the definition of “contract”, insert —“ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1);”;
in the definition of “designated shareholder”, after “designated shares”, insert “as defined in paragraph (a) of the definition of “designated shares” ”;
replace the definition of “designated shares” with —“ “designated shares” means —
the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and
any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
the shares or class of shares mentioned in paragraph (a);
the security interests mentioned in this paragraph;”;
after the definition of “investigator”, insert —“ “investment” or “investments”, in relation to any CPF investment scheme, means —
any investment made, purchased or acquired under the CPF investment scheme; and
any entitlement arising from or accruing or attaching to any of the following:
an investment mentioned in paragraph (a); (ii)an entitlement mentioned in this paragraph;”; and
delete the definition of “securities account”.