Singapore legislation

Regulation 39

of Central Provident Fund (Investment Schemes) Regulations 2000

Regulation 39

Brokerage, fees and other expenses

Where an application for withdrawal of moneys under these Regulations has been approved by the Board and a member is required to pay any brokerage, fees and other expenses incurred in the purchase, administration or sale of securities, the Board may, on the application of the member and subject to such terms and conditions as the Board may impose, authorise the whole or part of the available amount to be withdrawn and used for all or any of such expenses.