Singapore legislation
Regulation 17
of Income Tax (Supplementary Retirement Scheme) Regulations 2003
Regulation 17
Fees and charges
Subregulation 1
SRS operators and financial product providers may impose fees and charges for maintaining an SRS account and for providing any other service to an SRS member relating to the SRS, and all such fees and charges shall be deducted by the SRS operator from the SRS funds of that SRS member.
Subregulation 2
An SRS operator shall make available the full schedule of fees and charges that the SRS operator levies.
Subregulation 3
An SRS operator shall not deduct any fees and charges in relation to an investment transaction from an SRS account opened with it which will result in a negative cash balance in the SRS account.
Subregulation 4
An SRS operator who contravenes paragraph (1) or (3) shall be guilty of an offence.