Clause 2

Section 2 of the Monetary Authority of Singapore Act (referred to in this Act as the principal Act) is amended by deleting the full-stop at the end of the definition of “managing director” and substituting a semi-colon, and by inserting immediately thereafter the following definitions:“ “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.”.