Singapore legislation

Clause 4

of Government Securities (Amendment) Bill

Clause 4

Amendment of section 24

Section 24 of the principal Act is amended —

(a)

by deleting the words “Government securities” in the 1st line of subsection (1) and substituting the words “Subject to subsection (1A) and section 24A, Government securities”; and

(b)

by inserting, immediately after subsection (1), the following subsection:“(1A) In the case of Government securities that are held by the Authority for the purpose of securities lending to primary dealers under section 11A, such Government securities shall be redeemable on such conditions as are agreed upon between the Government and the Authority.”.

Read in full context — Government Securities (Amendment) Bill →