Singapore legislation

Section 134

of Monetary Authority of Singapore Act 1970

Section 134

Issue of book-entry MAS securities

Amended by9/201331/20179/2013

(1)

The Authority may —

(a)

issue book‑entry MAS securities upon such terms as may be prescribed by means of entries on its records which include the name of the depositor and the amount and description of the securities;

(b)

maintain accounts of book‑entry MAS securities —

(i)

for any depositor on such terms and conditions as may be specified by the Authority for such securities the depositor holds for its own account and, where the depositor is a depositary institution, for the account of its customers;

(ii)

for the Government; and

(iii)

for the Authority; and

(c)

otherwise service and maintain book‑entry MAS securities.

Amended by9/201331/2017

(2)

The Authority may take all action necessary in respect of book‑entry MAS securities to enable the Authority to perform its obligations as depositary with respect to such securities.

Amended by9/2013
Section 134 — Monetary Authority of Singapore Act 1970