Singapore legislation
Clause 3
Clause 3
New section 11A
The principal Act is amended by inserting, immediately after section 11, the following section:“Securities lending arrangements11A.—
(1)
The Authority may, from time to time, enter into securities lending arrangements by lending Government securities issued under this Act to primary dealers.(2) Lending Government securities shall include an arrangement under which Government securities are sold and repurchased.(3) Nothing in this section affects the power of the Minister to make investments under section 7 of the Financial Procedure Act (Cap. 109).”.