Regulation 22

All shares and bonds purchased by a member with CPF contributions withdrawn under this Part must be held in the name of a nominee company of the approved agent bank.

Any gold, other than a gold exchange traded fund, purchased by a member with CPF contributions withdrawn under this Part must be deposited with the approved agent bank.

Any exchange traded fund interest or gold exchange traded fund purchased with CPF contributions withdrawn under this Part through the Singapore Exchange or from an approved fund manager must be held in the name of a nominee company of the approved agent bank or a nominee company of the approved fund manager, as the case may be.