“gold” means gold coin and bullion and includes any gold in whatever state or form other than gold which has been materially increased in value by skilled craftsmanship;

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(d)

any of the following documents (including any such document which has been cancelled):

(i)

any certificate of title to a security and any coupon;

coupon

Defined · s 2

“coupon” means a coupon representing dividends or interest on a security;

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(ii)

any policy of assurance;

policy of assurance

Defined · s 2

“policy of assurance” means any policy securing the payment of a capital sum or annuity on the occurrence of a specified event which is certain to happen and includes —(a)any policy by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life; and(b)any policy securing the payment of an immediate annuity,and the reference in this definition to the occurrence of a specified event which is certain to happen includes the occurrence, which is certain to happen, of one of specified events none of which by itself is certain to happen;

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(iii)

any bill of exchange or promissory note expressed in terms of a currency other than that of a scheduled territory and payable otherwise than within the scheduled territories;

scheduled territories

Defined · s 2

“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;

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(iv)

any document to which section 6 applies not issued by an authorised dealer or in pursuance of a permission granted by the Authority;

authorised dealer

Defined · s 2

“authorised dealer”, in relation to gold or any foreign currency, means a person for the time being authorised by an order of the Authority to act for the purposes of this Act as an authorised dealer in relation to gold, or, as the case may be, that foreign currency;

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(e)

any document certifying the destruction, loss or cancellation of any of the documents referred to in paragraph (d); or

(f)

any such articles exported on the person of a traveller or in a traveller’s baggage as may be prescribed.

prescribed

Defined · s 2

“prescribed” means prescribed, for the purposes of the provision in question, by order of the Authority;

Open s 2

Terms defined in s 2

authorised dealer
Defined · s 2
“authorised dealer”, in relation to gold or any foreign currency, means a person for the time being authorised by an order of the Authority to act for the purposes of this Act as an authorised dealer in relation to gold, or, as the case may be, that foreign currency;
Open s 2
Authority
Defined · s 2
“Authority” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act 1970;
Open s 2
coupon
Defined · s 2
“coupon” means a coupon representing dividends or interest on a security;
Open s 2
gold
Defined · s 2
“gold” means gold coin and bullion and includes any gold in whatever state or form other than gold which has been materially increased in value by skilled craftsmanship;
Open s 2
policy of assurance
Defined · s 2
“policy of assurance” means any policy securing the payment of a capital sum or annuity on the occurrence of a specified event which is certain to happen and includes —(a)any policy by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life; and(b)any policy securing the payment of an immediate annuity,and the reference in this definition to the occurrence of a specified event which is certain to happen includes the occurrence, which is certain to happen, of one of specified events none of which by itself is certain to happen;
Open s 2
prescribed
Defined · s 2
“prescribed” means prescribed, for the purposes of the provision in question, by order of the Authority;
Open s 2
scheduled territories
Defined · s 2
“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;
Open s 2

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Part 6

Miscellaneous

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Part 7

Supplemental

Read on from Part 7

Schedules

Read on from Schedules

Details

Exchange Control Act 1953 · s 24

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Where this comes from

Singapore Statutes Online · Exchange Control Act 1953, 2020 Revised Edition. Reader record updated on 7 Oct 2026.

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