In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Chit Funds Act 1971 · 2020 Revised Edition · Part 2 · Monetary Authority of Singapore to Administer Act
3. Administration of this Act
Feedback & support(1)
The Monetary Authority of Singapore is charged with the general administration of this Act and the exercise of the functions imposed upon it by this Act.
(2)
The Authority may authorise or appoint any person to assist the Authority in the exercise of its functions and duties under this Act, either generally or in any particular way.
(3)
Any person authorised or appointed by the Authority pursuant to subsection (2) is deemed to be a public servant within the meaning of the Penal Code 1871.