Singapore legislation
Regulation 7
of Central Provident Fund (Designated Shares) Regulations 2022
Regulation 7
Circumstances and time for sale of vested shares for purposes of section 26(6)(b) of Act
Subregulation 1
For the purposes of section 26(6)(b) of the Act, the circumstances where the Board may sell a designated shareholder’s vested shares are the circumstances specified in the first column of the table in the Schedule.
Subregulation 2
Despite regulation 6(1) and subject to regulation 11, where the Board decides to sell a designated shareholder’s vested shares because any circumstances specified in the first column of the table in the Schedule exist, the Board must sell the vested shares on the day, date or during the period (as the case may be) specified in the second column of that table opposite those circumstances.