Singapore legislation
Regulation 34
of Central Provident Fund (Investment Schemes) Regulations 2000
Regulation 34
Purchase of shares in approved corporation
Subregulation 1
A member who wishes to withdraw the whole or part of the available amount in the member’s ordinary account for the payment in full of shares in an approved corporation must submit an application to the Board for authorisation to do so.
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
Where a cash grant has been paid into the Fund by the Government for the benefit of any person under section 14 of the Act, the Board may, subject to such terms and conditions as it may impose, permit that person to withdraw the cash grant for the payment in full or in part of the shares in an approved corporation.