Singapore legislation

Regulation 15

of Municipal (Provident Fund) Rules

Regulation 15

Investments

All investments of the Fund shall be made or held in the name of the Ministeror the Accountant-General. The moneys of the Fund may be invested in any investments for the time being allowed by law for the investment of trust moneys or may be placed on fixed deposit with such of the local banks as may lawfully be entrusted with the custody of Government funds.