Clause 1
Short title and commencement
This Act is the Bretton Woods Agreements (Amendment) Act 2023 and comes into operation on a date that the Minister appoints by notification in the Gazette.
/akn/sg/act/bill/2023/16
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Quick answer
Bretton Woods Agreements (Amendment) Bill is Singapore Bill, cited as Bill 16 2023, currently marked in force and first recorded in 2023.
Short title and commencement
This Act is the Bretton Woods Agreements (Amendment) Act 2023 and comes into operation on a date that the Minister appoints by notification in the Gazette.
Amendment of section 5
In the Bretton Woods Agreements Act 1966, in section 5(2), replace “buy or sell” with “buy, sell or otherwise deal with”.
Amendment of section 6A
In the Bretton Woods Agreements Act 1966, in section 6A —
after subsection (3), insert —“(3A) Subsections (2) and (3) do not apply to an agreement to finance the operations and the carrying out of the functions of an office of the Fund in Singapore.”; and
after subsection (4), insert —“(5) Subsection (4) does not apply if —
the agreement is in a standard form provided by the Fund, which cannot be unilaterally amended by the Monetary Authority of Singapore; or
the Fund arrangement or Fund program cannot be suspended or prematurely terminated.”.