Regulation 11
Appointment and duty of agent banks
of Central Provident Fund (Investment Schemes) Regulations 2000
Subsidiary LegislationIn forceProvision 12 of 52
Regulation 11
Subregulation 1
The Board may, from time to time, appoint any bank for the purpose of any investment scheme introduced by the Board under this Part to allow members to use their CPF contributions to invest in securities in accordance with these Regulations.
Subregulation 2
Where a member applies for the withdrawal of moneys under this Part, the approved agent bank must ensure that the application of the member meets the requirements of these Regulations and that moneys are withdrawn in accordance with these Regulations.