Singapore legislation
Regulation 5
of Central Provident Fund (Designated Shares) Regulations 2022
Regulation 5
Prescribed time for receipt of instructions for purposes of section 26(6)(a) of Act
For the purposes of section 26(6)(a) of the Act, the prescribed time for the Board to receive instructions given under section 26(4) of the Act in respect of a deceased designated shareholder’s vested shares is —
(a)
where the Board is notified on or after 1 April 2022 that a designated shareholder has died — 6 weeks after the date on which the Board receives the notification; or
(b)
where the Board is notified before 1 April 2022 that a designated shareholder has died between 1 November 2015 and 31 March 2022 (both dates inclusive) — before 1 November 2022.