Regulation 12

The Central Provident Fund (Distribution and Disposal of Shares in Approved Corporation) Regulations 2010 (G.N. No. S 821/2010) are revoked.

Despite paragraph (1), where section 26(3) of the Act as in force before 1 April 2022 continues to apply on or after that date as provided by the Central Provident Fund (Amendment) Act 2021 (Saving and Transitional Provisions) (No. 2) Regulations 2022 (G.N. No. S 287/2022), regulations 3(1), (2)(a)(ii) and (b), (3)(a) and (b), (4) and (5) and 6 of the revoked Regulations as in force before 1 April 2022 continue to apply for the purposes of that provision of the Act.

Despite paragraph (1), where section 26A(6) of the Act as in force before 1 April 2022 continues to apply on or after that date as provided by the Central Provident Fund (Amendment) Act 2021 (Saving and Transitional Provisions) (No. 2) Regulations 2022, regulations 4(1) and (2)(a)(ii), (e) and (f) and 6 of the revoked Regulations as in force before 1 April 2022 continue to apply for the purposes of that provision of the Act.

Any stockbroker appointed by the Board under regulation 8 of the revoked Regulations is treated as having been appointed by the Board under these Regulations.

In this regulation, “revoked Regulations” means the Central Provident Fund (Distribution and Disposal of Shares in Approved Corporation) Regulations 2010.