Government Securities (Debt Market and Investment) Act 1992
AI-assisted research summary: This provision states the short title of the Act and defines key terms used in it, including Authority, Government securities, RMGS, Treasury Bill, and related expressions.
Government Securities (Debt Market and Investment) Act 1992 2020 REVISED EDITION This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021 An Act to establish and regulate the Government Securities Fund, the issue of reserves management Government securities in exchange for foreign reserve and to provide for the borrowing of moneys by the issue of Government securities and Treasury Bills in Singapore. [Act 35 of 2021 wef 31/01/2022] [Act 5 of 2022 wef 21/02/2022] [6 March 1992] PART 1 PRELIMINARY Short title 1. This Act is the Government Securities (Debt Market and Investment) Act 1992. [Act 35 of 2021 wef 31/01/2022] Interpretation 2. In this Act, unless the context otherwise requires — “advance deposits” means such deposits as are received under section 27; “Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970; [Deleted by Act 35 of 2021 wef 31/01/2022] “book‑entry Government securities” means any Government securities issued in Singapore under Part 5 in the form of an entry on the records of the Authority; [Act 35 of 2021 wef 31/01/2022] “financial institution” means any person licensed, approved, registered or regulated by the Authority, or exempted from such licensing, approval, registration or regulation, under any written law administered by the Authority; “foreign reserve asset” has the meaning given by section 23(11) of the Monetary Authority of Singapore Act 1970; [Act 5 of 2022 wef 21/02/2022] “Government securities” means any stock, bond, note, certificate or similar instruments issued under this Act other than any Treasury Bill and any RMGS; [Act 35 of 2021 wef 31/01/2022] [Act 5 of 2022 wef 21/02/2022] “Government Securities Fund” means the Government Securities Fund established under Part 2; “primary dealer” means a person approved under Part 7A to be a primary dealer; “public debt securities” means any securities issued under the Significant Infrastructure Government Loan Act 2021; “regulations” means regulations made under this Act and, in relation to any particular issue of Government securities or Treasury Bills, includes any notification in the Gazette varying such regulations in relation to that issue; [Act 35 of 2021 wef 31/01/2022] “repealed 1923 Act” means the Local Treasury Bills Act 1923* repealed by the Government Borrowing (Miscellaneous Amendments) Act 2021; [Act 35 of 2021 wef 31/01/2022] [*Updated to be consistent with the 2020 Revised Edition] “RMGS” means an instrument called a reserves management Government security that is issued under Part 3A; [Act 5 of 2022 wef 21/02/2022] [Deleted by Act 35 of 2021 wef 31/01/2022] [Deleted by Act 35 of 2021 wef 31/01/2022] “Treasury Bill” means a Treasury Bill issued in Singapore under the repealed 1923 Act or this Act, and includes a book-entry Treasury Bill, which is issued under either Act in the form of an entry on the records of the Authority; [Act 35 of 2021 wef 31/01/2022] “trustee stock” means any of the securities mentioned in the Trustees Act 1967 in which trustees may invest. [15/2021]