Regulation 23A

before 1 January 1997, a member submitted an application to the Board for authorisation to withdraw the whole or part of the available amount for the purchase of any securities;

the available amount was insufficient to pay for the purchase in full; and

before 1 January 1997, the member paid for the balance of the purchase price in cash,the Board may allow the member to withdraw, from the moneys subsequently credited to the member’s CPF Investment Account, an amount not exceeding the balance of the purchase price so paid if, and only if, the member makes an application for such withdrawal before 1 April 2009.