Singapore legislation
Regulation 16
of Monetary Authority of Singapore (Book-Entry MAS Securities and Primary Dealers) Regulations 2013
Regulation 16
Payment for allotted book-entry MAS securities
Subregulation 1
Payment for allotted book-entry MAS securities must be made by way of a pre-authorised funds transfer to the Authority from the account of the applicant’s settlement bank specified in the application, in accordance with the terms of authorisation provided to the Authority by the settlement bank.
Subregulation 2
Payment must be made on the date specified in the public notice relating to the issue of the book‑entry MAS securities.