Monetary Authority of Singapore Act 1970

This Act is the Monetary Authority of Singapore Act 1970.

In this Act, unless the context otherwise requires —“Authority” means the Monetary Authority of Singapore established under section 3;“bank” means a bank licensed under the Banking Act 1970;“board” means the board of directors of the Authority;“corporation” has the meaning given by section 4(1) of the Companies Act 1967;“director” means a director appointed under section 8(1) and the chairperson and the deputy chairperson of the board;“managing director” means a director appointed under section 9(1);“money market operations” means any transaction undertaken by the Authority as the central bank to manage liquidity in the banking system;“officer”, in relation to the Authority, includes any person employed by the Authority in an executive capacity;“primary dealer” means a person appointed under section 145 as a primary dealer for securities issued by the Authority.

“Authority” means the Monetary Authority of Singapore established under section 3;

“bank” means a bank licensed under the Banking Act 1970;

“board” means the board of directors of the Authority;

“corporation” has the meaning given by section 4(1) of the Companies Act 1967;

“director” means a director appointed under section 8(1) and the chairperson and the deputy chairperson of the board;

“managing director” means a director appointed under section 9(1);

“money market operations” means any transaction undertaken by the Authority as the central bank to manage liquidity in the banking system;

“officer”, in relation to the Authority, includes any person employed by the Authority in an executive capacity;

“primary dealer” means a person appointed under section 145 as a primary dealer for securities issued by the Authority.