Singapore legislation
Regulation 23
of Central Provident Fund (Investment Schemes) Regulations 2000
Regulation 23
Insufficiency of available amount for rights entitlements or any other corporate entitlements, and conversion of warrants to shares
Subregulation 1
Where the available amount is insufficient to pay in full for —
entitlements to rights issue or any other entitlements taken up by the member; or
the conversion of warrants to ordinary shares,in respect of shares purchased with CPF contributions withdrawn under this Part as permitted by the Board, the Board may permit the balance of the purchase price to be paid by the member in cash and credited to the member’s CPF Investment Account, subject to such terms and conditions as the Board may impose.
Subregulation 2
Where the member has paid the balance of the purchase price in cash under paragraph (1), the member is not allowed to withdraw any CPF moneys subsequently to reimburse himself or herself for the balance of the purchase price so paid.