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Corporate entitlements like bonus shares, rights issues, etc.

Central Provident Fund (Investment Schemes) Regulations 2000

Match the official source exactly.

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Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

—(1) Where entitlements in respect of securities purchased with CPF contributions withdrawn under Part 2, 3 or 4 of these Regulations, whether listed or quoted on the Singapore Exchange and whether denominated in Singapore currency or not, are offered to a member at no cost, the entitlements are deemed to be purchased with CPF contributions under Part 2, 3 or 4 of these Regulations, whichever is applicable.(2) Where entitlements in respect of securities purchased with CPF contributions withdrawn under Part 2, 3 or 4 of these Regulations, whether listed or quoted on the Singapore Exchange and whether denominated in Singapore currency or not, are offered to a member at a cost, the member must, if the member decides to take up these entitlements —(a)where the underlying investments of these entitlements are of a type approved by the Board under these Regulations, purchase these entitlements with CPF contributions withdrawn under Part 2, 3 or 4 of these Regulations, whichever is applicable; and(b)where the underlying investments of these entitlements are not of a type approved by the Board under these Regulations, purchase these entitlements with cash.(3) Where a member sells the member’s entitlement to any rights issue in respect of any of the securities purchased under Part 2, 3 or 4 of these Regulations, the whole proceeds of the sale, less any expenses as the Board may permit, must forthwith be credited to the member’s CPF Investment Account, ordinary account or special account, as the case may be.(4) All dividends declared, and interest or income earned, in respect of securities purchased by a member under these Regulations must be credited to the member’s CPF Investment Account, ordinary account or special account, as the case may be.

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