Singapore legislation
Regulation 17
of Central Provident Fund (Investment Schemes) Regulations 2000
Regulation 17
Fund management accounts
Subregulation 1
A member who wishes to deposit the whole or part of the available amount in the member’s ordinary account in a fund management account with an approved fund manager must apply to the Board to withdraw the amount required.
Subregulation 2
An application made by a member under paragraph (1) may be approved subject to such terms, conditions and procedures as the Board may impose.
Subregulation 3
Upon the termination by a member of the member’s fund management account or upon the withdrawal by the Board of its approval of the fund manager of the fund management account, all moneys payable to the member must be transferred forthwith by the fund manager to the CPF Investment Account of the member.