Exchange Control Act 1953 · 2020 Revised Edition · Part 4 · Securities
14. Payment of capital moneys outside Singapore
Feedback & supportExcept with the permission of the Authority —
no person in Singapore shall do any act with intent to secure that capital moneys payable on a security registered in Singapore are paid outside Singapore, or that, where the certificate of title to a security is in Singapore, capital moneys payable on the security are paid outside Singapore without production of the certificate to the person making the payment; and
registered in Singapore
“registered in Singapore” and “registered outside Singapore” mean respectively registered in a register in, and registered in a register outside, Singapore;
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).
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;