In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Significant Infrastructure Government Loan Act 2021 · 2020 Revised Edition · Part 4 · Administration
17. MAS is agent
Feedback & support(1)
The MAS is by this Act appointed to act on the Government’s behalf as an agent —
MAS
Defined · s 2
“MAS” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;
(a)
for issuing of securities for moneys borrowed under this Act; and
(b)
for any other purpose that is connected with paragraph (a).
(2)
Without limiting subsection (1), the MAS may —
(a)
by public notice invite the public to apply to take up securities issued under this Act; and
(b)
refuse any application to take up securities issued under this Act without assigning any reason.
(3)
Subsection (1) does not prevent the exercise by the Minister of any power under this Act.