In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Central Provident Fund Act 1953 · 2020 Revised Edition · Part 7 · Offences, Penalties and Proceedings
58A. Offences relating to investments
Feedback & support(1)
A person must not, directly or indirectly, in connection with the making of any investment under any scheme in accordance with any regulations made under section 77(1)(n) or the sale or disposal of any such investment —
Scheme
Defined · s 27J
“Scheme” means the Lifelong Income Scheme established and maintained by the Board under section 27K.
(a)
employ any device, scheme or artifice to defraud; or
(b)
engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception, upon any person.
(2)
Any person who contravenes subsection (1) shall be guilty of an offence.