Exchange Control Act 1953 · 2020 Revised Edition · Part 4 · Securities
13. Substitution of securities and certificates outside Singapore
Feedback & supportExcept with the permission of the Authority —
no person in Singapore shall do any act with intent to secure —
that a security which is —
registered in Singapore; or
registered in Singapore
“registered in Singapore” and “registered outside Singapore” mean respectively registered in a register in, and registered in a register outside, Singapore;
transferable by means of a bearer certificate in Singapore,becomes, or is replaced by, a security registered outside Singapore or a security transferable by means of a bearer certificate outside Singapore; or
bearer certificate
“bearer certificate” means a certificate of title to securities by the delivery of which (with or without endorsement) the title to the securities is transferable;
that a certificate of title to any other security, is issued outside Singapore in substitution for or in addition to a certificate of title thereto which is in, or is or has been lost or destroyed in, Singapore; and
no person resident in the scheduled territories shall in Singapore do any act which involves, is in association with or is preparatory to any such transaction outside Singapore as is referred to in paragraph (a)(i) or (ii).
scheduled territories
“scheduled territories” means the territories specified in the First Schedule, except that the Authority may at any time by order amend that Schedule, either by the addition or exclusion of territories or otherwise;