Exchange Control Act 1953 · 2020 Revised Edition · Part 4 · Securities
19. Special provisions as to dealings in certain securities
Feedback & supportThe Authority may, if in its opinion there are circumstances rendering it necessary or expedient to do so, by order direct that this section shall apply to such securities as may be prescribed, being securities on which capital moneys, dividends or interest are payable in a specified currency or as respects which the holder has an option to require payment of any capital moneys, dividends or interest thereon in a specified currency.
Except with the permission of the Authority, no person shall in Singapore transfer, or do anything which affects his rights or powers in relation to, any security to which this section applies.
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.
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;