Regulation 40

apply to the Board for its approval for the member —

to withdraw all moneys standing to the member’s credit in the member’s CPF Investment Account; and

to withdraw, from every investment scheme introduced under Parts 2 and 3 pursuant to which the member has purchased or acquired any securities, all securities so purchased or acquired by the member under those Parts;

apply to the Board for its approval for the member to withdraw, from any investment scheme introduced under Part 4 pursuant to which the member has purchased or acquired any securities, all securities so purchased or acquired by the member pursuant to that investment scheme.

require an application under paragraph (1)(a) or (b) to be made in such manner as the Board may determine; and

approve an application under paragraph (1)(a) or (b) subject to such terms and conditions as the Board may impose.

to set aside or top‑up the retirement sum applicable to the member, or to set aside or top‑up in the member’s retirement account the amount mentioned in section 15AA(5)(a) of the Act or a former provision, as the case may be; and

to pay or repay into the Fund every amount which, apart from regulation 39A, the member is required under the Act to pay or repay into the Fund.

any moneys withdrawn from the member’s CPF Investment Account with the approval of the Board under paragraph (1)(a)(i); and

any proceeds or benefits of any securities which the member has withdrawn with the approval of the Board under paragraph (1)(a)(ii) or (b).