Singapore legislation
Regulation 26
of Significant Infrastructure Government Loan Regulations 2021
Regulation 26
Payment for allotted SINGA securities
Subregulation 1
Any payment for SINGA securities allotted under Part 2 or 3 has to be made by way of a pre‑authorised funds transfer to the MAS from the account of the applicant’s settlement bank specified in the application, in accordance with the terms of authorisation provided to the MAS by the settlement bank.
Subregulation 2
The payment mentioned in paragraph (1) must be made on the date specified in the public notice relating to the relevant issue of the SINGA securities.