Singapore legislation
Regulation 32
of Central Provident Fund (Investment Schemes) Regulations 2000
Regulation 32
Units in unit trust scheme
Subregulation 1
A member who wishes to use the whole or part of the available amount in the member’s special account to purchase units in a unit trust scheme from 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 sale of the units in a unit trust scheme purchased by a member under this regulation, all proceeds of the sale must be transferred forthwith by the approved fund manager to the member’s special account.