Singapore legislation
Regulation 11
Regulation 11
Transfer of moneys to general moneys of Fund under section 13(7A)(b) of Act where member’s accounts in Fund are deemed to be dormant
Where a member’s accounts in the Fund are deemed to be dormant under section 2(1B) of the Act, whether before, on or after 1 April 2022, the Board may transfer any moneys standing in the member’s account in the Fund (other than a nominee account, if any) to the general moneys of the Fund on or after the later of the following dates:
(a)
1 April 2022;
(b)
the date on which the member’s accounts in the Fund are deemed to be dormant.