Singapore legislation
Regulation 19
of Central Provident Fund (Investment Schemes) Regulations 2000
Regulation 19
Gold
Subregulation 1
A member who wishes to use the whole or part of the available amount in the member’s ordinary account to purchase gold 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 sale of the gold purchased by a member under this regulation, all proceeds of the sale must be transferred forthwith by the approved agent bank to the CPF Investment Account of the member.