Central Provident Fund (Amendment) Bill 11/2026

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Central Provident Fund (Amendment) Bill 11/2026

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Detected April 8th, 2026

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Summary

Singapore's Parliament introduced the Central Provident Fund (Amendment) Bill 11/2026, which proposes amendments to the CPF Act 1953. The Bill introduces a definition for "CPF investment scheme" and expands the definition of "designated shares" to encompass security interests arising from or attaching to shares purchased with CPF withdrawals. The Bill was read for the first time on 7 April 2026 and will commence on a date appointed by the Minister.

Published by SG Parliament on sso.agc.gov.sg . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

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What changed

The Bill proposes to insert a definition of "CPF investment scheme" referencing regulations under section 77(1) of the principal Act. It further proposes to replace the definition of "designated shares" to include not just shares purchased with CPF withdrawals, but also any security interests arising from, accruing to, or attaching to such shares or prior security interests, whether before, on, or after the commencement date of the amendment.

Affected parties including CPF members participating in investment schemes, approved corporations, and financial institutions facilitating CPF-based investments should monitor the Bill's progress through Parliament and prepare for compliance adjustments upon commencement. The expanded definition of designated shares may affect how security interests are treated under the CPF framework.

What to do next

Monitor legislative progress of Bill 11/2026 through Parliament
Assess impact on CPF investment scheme arrangements once enacted
Review designated shares holdings for security interest implications

Archived snapshot

Apr 8, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

Central Provident Fund (Amendment) Bill Status:
Published in Bills Supplement
on 07 Apr 2026
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| Central Provident Fund (Amendment) Bill |
Bill No. 11/2026

| Read the first time on 7 April 2026. |

| An Act to amend the Central Provident Fund Act 1953. |

| Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: |

| Short title and commencement |

| 1. This Act is the Central Provident Fund (Amendment) Act 2026 and comes into operation on a date that the Minister appoints by notification in the Gazette. |

| Amendment of section 2 |

| 2. In the Central Provident Fund Act 1953 (called in this Act the principal Act), in section 2(1) —
| (a) | after the definition of “contract”, insert —
\| \| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; \| \| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; \|
\| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; \| \| | \| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; \| | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | | | | | | | |
| \| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; \| | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | | | | | | | | | |
| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | | | | | | | | | | |
| (b) | in the definition of “designated shareholder”, after “designated shares”, insert “as defined in paragraph (a) of the definition of “designated shares” ”; | | | | | | | | | | |
| (c) | replace the definition of “designated shares” with —
\| \| “ “designated shares” means —
\\| (a) \\| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \\| \\| \\| \\| \\|
\\| (b) \\| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\| (ii) \\| the security interests mentioned in this paragraph; ”; \\|
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\| \\| \\| \\| \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \\| \\| \\| \\| \| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| \| \| \| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \| \|
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| \| \| \| | \| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| \| \| | “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| \| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| \| \| | “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | |
| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | |
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | | | | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | | | | |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | | | | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | | |
| (d) | after the definition of “investigator”, insert —
\| \| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\\| (a) \\| any investment made, purchased or acquired under the CPF investment scheme; and \\| \\| \\| \\| \\|
\\| (b) \\| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \\| (i) \\| an investment mentioned in paragraph (a); \\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\|
\\| (i) \\| an investment mentioned in paragraph (a); \\| \\| \\| \\| \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \\| \\| \\| \\| \| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| \| \| \| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \|
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| \| \| \| | \| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| \| \| | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| \| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| \| \| | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | |
| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | |
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | | | | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | |
| (i) | an investment mentioned in paragraph (a); | | | | | | | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | | |
| (e) | delete the definition of “securities account”. | | | | | | | | | | | | (a) | after the definition of “contract”, insert —
| \| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; \| | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; |
| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | | | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | (b) | in the definition of “designated shareholder”, after “designated shares”, insert “as defined in paragraph (a) of the definition of “designated shares” ”; | (c) | replace the definition of “designated shares” with —
| \| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| \| \| | “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | |
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | | |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | | | “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | “ “designated shares” means —
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
| (i) | the shares or class of shares mentioned in paragraph (a); |
| (ii) | the security interests mentioned in this paragraph; ”; | | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | (d) | after the definition of “investigator”, insert —
| \| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| \| \| | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | |
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | | |
| (i) | an investment mentioned in paragraph (a); | | | | | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | | | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | |
| (i) | an investment mentioned in paragraph (a); | | | | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| (i) | an investment mentioned in paragraph (a); | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
| (i) | an investment mentioned in paragraph (a); |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | (e) | delete the definition of “securities account”. |
| (a) | after the definition of “contract”, insert —
| \| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; \| | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; |
| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | | | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “ “CPF investment scheme” means any investment scheme introduced by regulations made under section 77(1); ”; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (b) | in the definition of “designated shareholder”, after “designated shares”, insert “as defined in paragraph (a) of the definition of “designated shares” ”; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (c) | replace the definition of “designated shares” with —
| \| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\\| (i) \\| the shares or class of shares mentioned in paragraph (a); \\|
\\| (ii) \\| the security interests mentioned in this paragraph; ”; \\| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| \| \| \| | “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | |
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | | |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | | | “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | “ “designated shares” means —
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
| (i) | the shares or class of shares mentioned in paragraph (a); |
| (ii) | the security interests mentioned in this paragraph; ”; | | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | | | | | | | | | | | | | |
| | “ “designated shares” means —
\| (a) \| the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and \| \| \| \| \|
\| (b) \| any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| (i) \| the shares or class of shares mentioned in paragraph (a); \| (ii) \| the security interests mentioned in this paragraph; ”; \|
\| (i) \| the shares or class of shares mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| \| \| \| \| | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | “ “designated shares” means —
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
| (i) | the shares or class of shares mentioned in paragraph (a); |
| (ii) | the security interests mentioned in this paragraph; ”; | | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | | | | | | | | | | | | | | | |
| “ “designated shares” means —
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
\| (i) \| the shares or class of shares mentioned in paragraph (a); \|
\| (ii) \| the security interests mentioned in this paragraph; ”; \| | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
| (i) | the shares or class of shares mentioned in paragraph (a); |
| (ii) | the security interests mentioned in this paragraph; ”; | | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | the shares or class of shares in any approved corporation designated by the Minister which are purchased with moneys withdrawn under this Act; and | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (b) | any security interests arising from or accruing or attaching to any of the following before, on or after the date of commencement of section 2(c) of the Central Provident Fund (Amendment) Act 2026:
| (i) | the shares or class of shares mentioned in paragraph (a); |
| (ii) | the security interests mentioned in this paragraph; ”; | | (i) | the shares or class of shares mentioned in paragraph (a); | (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) | the shares or class of shares mentioned in paragraph (a); | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) | the security interests mentioned in this paragraph; ”; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (d) | after the definition of “investigator”, insert —
| \| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\\| (i) \\| an investment mentioned in paragraph (a); \\|
\\| (ii) \\| an entitlement mentioned in this paragraph; ”; and \\| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| \| \| \| | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | |
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | | |
| (i) | an investment mentioned in paragraph (a); | | | | | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | | | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | |
| (i) | an investment mentioned in paragraph (a); | | | | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| (i) | an investment mentioned in paragraph (a); | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
| (i) | an investment mentioned in paragraph (a); |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | | | | | | | | | | | | | |
| | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
\| (a) \| any investment made, purchased or acquired under the CPF investment scheme; and \| \| \| \| \|
\| (b) \| any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| (i) \| an investment mentioned in paragraph (a); \| (ii) \| an entitlement mentioned in this paragraph; ”; and \|
\| (i) \| an investment mentioned in paragraph (a); \| \| \| \| \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| \| \| \| \| | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | |
| (i) | an investment mentioned in paragraph (a); | | | | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | “ “investment” or “investments”, in relation to any CPF investment scheme, means —
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| (i) | an investment mentioned in paragraph (a); | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
| (i) | an investment mentioned in paragraph (a); |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | | | | | | | | | | | | | | | |
| “ “investment” or “investments”, in relation to any CPF investment scheme, means —
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
\| (i) \| an investment mentioned in paragraph (a); \|
\| (ii) \| an entitlement mentioned in this paragraph; ”; and \| | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and |
| (i) | an investment mentioned in paragraph (a); | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | (a) | any investment made, purchased or acquired under the CPF investment scheme; and | (b) | any entitlement arising from or accruing or attaching to any of the following:
| (i) | an investment mentioned in paragraph (a); |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | any investment made, purchased or acquired under the CPF investment scheme; and | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (b) | any entitlement arising from or accruing or attaching to any of the following:
| (i) | an investment mentioned in paragraph (a); |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | (i) | an investment mentioned in paragraph (a); | (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) | an investment mentioned in paragraph (a); | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) | an entitlement mentioned in this paragraph; ”; and | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (e) | delete the definition of “securities account”. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| New Division 1 heading of Part 3 |

| Amendment of section 24 |

| 4. In the principal Act, in section 24(1)(g) and (2A)(a), replace “scheme in accordance with any regulations made under section 77(1)(n)” with “CPF investment scheme”. |

| New Division 2 heading of Part 3 and new section 25B |

| 5. In the principal Act, in Part 3, after section 25A, insert —
| \| “ Division 2 — Investment schemes \|

\| Interpretation of this Division \|

\| 25B. —(1) In this Division —
\| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; \|

\| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); \|

\| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; \|

\| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; \|

\| “implementation date” means the implementation date prescribed under subsection (3)(a); \|

\| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; \|

\| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); \|

\| “relevant investment scheme” means the CPF investment scheme relating to designated shares. \|

\| (2)  To avoid doubt —
\\| (a) \\| the references to designated shares —
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\|
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\| \\| \\| \\| \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \\| \\| \\| \\|
\\| (b) \\| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \\| \\| \\| \\| \\| \| (a) \| the references to designated shares —
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \|
\| (a) \| the references to designated shares —
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| \| \|

\| (3)  The Minister may, by order in the Gazette, prescribe —
\\| (a) \\| the implementation date mentioned in section 26C; \\|
\\| (b) \\| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \\|
\\| (c) \\| the publicly accessible website mentioned in section 26E(3)(c); and \\|
\\| (d) \\| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \\| \| (a) \| the implementation date mentioned in section 26C; \| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \|
\| (a) \| the implementation date mentioned in section 26C; \| \| \| \| \| \| \| \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| \| \| \| \| \| \| \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| \| \| \| \| \| \| \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| \| \| \| \| \| \| \| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; \| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); \| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; \| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; \| “implementation date” means the implementation date prescribed under subsection (3)(a); \| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; \| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); \| “relevant investment scheme” means the CPF investment scheme relating to designated shares. \| (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| (a) \| the implementation date mentioned in section 26C; \| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \|
\| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| “implementation date” means the implementation date prescribed under subsection (3)(a); \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| “relevant investment scheme” means the CPF investment scheme relating to designated shares. \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| (a) \| the implementation date mentioned in section 26C; \| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (a) \| the implementation date mentioned in section 26C; \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| \| | “ Division 2 — Investment schemes | Interpretation of this Division | 25B. —(1)  In this Division —
\| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; \|

\| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); \|

\| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; \|

\| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; \|

\| “implementation date” means the implementation date prescribed under subsection (3)(a); \|

\| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; \|

\| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); \|

\| “relevant investment scheme” means the CPF investment scheme relating to designated shares. \|

\| (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \|
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| \| \|

\| (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| (a) \| the implementation date mentioned in section 26C; \| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \|
\| (a) \| the implementation date mentioned in section 26C; \| \| \| \| \| \| \| \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| \| \| \| \| \| \| \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| \| \| \| \| \| \| \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| \| \| \| \| \| \| | “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; | “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); | “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; | “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; | “implementation date” means the implementation date prescribed under subsection (3)(a); | “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; | “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); | “relevant investment scheme” means the CPF investment scheme relating to designated shares. | (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| | (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| | (a) | the implementation date mentioned in section 26C; | (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | (c) | the publicly accessible website mentioned in section 26E(3)(c); and | (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. |
| “ Division 2 — Investment schemes | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Interpretation of this Division | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 25B. —(1)  In this Division —
\| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; \|

\| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); \|

\| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; \|

\| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; \|

\| “implementation date” means the implementation date prescribed under subsection (3)(a); \|

\| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; \|

\| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); \|

\| “relevant investment scheme” means the CPF investment scheme relating to designated shares. \|

\| (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \|
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| \| \|

\| (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| (a) \| the implementation date mentioned in section 26C; \| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \|
\| (a) \| the implementation date mentioned in section 26C; \| \| \| \| \| \| \| \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| \| \| \| \| \| \| \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| \| \| \| \| \| \| \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| \| \| \| \| \| \| | “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; | “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); | “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; | “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; | “implementation date” means the implementation date prescribed under subsection (3)(a); | “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; | “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); | “relevant investment scheme” means the CPF investment scheme relating to designated shares. | (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| | (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| | (a) | the implementation date mentioned in section 26C; | (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | (c) | the publicly accessible website mentioned in section 26E(3)(c); and | (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. | | | |
| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “implementation date” means the implementation date prescribed under subsection (3)(a); | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “relevant investment scheme” means the CPF investment scheme relating to designated shares. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| | (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | | | | | | | | | | | | | | | | | | | | | |
| (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| | (a) | the implementation date mentioned in section 26C; | (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | (c) | the publicly accessible website mentioned in section 26E(3)(c); and | (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. | | | | | | | | | | | | | | | | | | | | | |
| (a) | the implementation date mentioned in section 26C; | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (c) | the publicly accessible website mentioned in section 26E(3)(c); and | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | “ Division 2 — Investment schemes |

| Interpretation of this Division |

| 25B. —(1) In this Division —
\| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; \|

\| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); \|

\| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; \|

\| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; \|

\| “implementation date” means the implementation date prescribed under subsection (3)(a); \|

\| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; \|

\| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); \|

\| “relevant investment scheme” means the CPF investment scheme relating to designated shares. \|

\| (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\\| (i) \\| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \\|
\\| (ii) \\| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \\| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \|
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| \| \| \|

\| (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| (a) \| the implementation date mentioned in section 26C; \| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \|
\| (a) \| the implementation date mentioned in section 26C; \| \| \| \| \| \| \| \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \| \| \| \| \| \| \| \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \| \| \| \| \| \| \| \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| \| \| \| \| \| \| \| | “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; | “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); | “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; | “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; | “implementation date” means the implementation date prescribed under subsection (3)(a); | “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; | “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); | “relevant investment scheme” means the CPF investment scheme relating to designated shares. | (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| | (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| | (a) | the implementation date mentioned in section 26C; | (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | (c) | the publicly accessible website mentioned in section 26E(3)(c); and | (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. |
| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “implementation date” means the implementation date prescribed under subsection (3)(a); | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); | | | | | | | | | | | | | | | | | | | | | | | | | | |
| “relevant investment scheme” means the CPF investment scheme relating to designated shares. | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| | (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | | | | | | | | | | | | | | | | | | |
| (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | | | | | | | | | | | | | | | | | | | | | |
| (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | | | | | | | | | | | | | | | | | | | | | | | | | |
| (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | | | | | | | | | | | | | | | | | | | | | | | | | |
| (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| | (a) | the implementation date mentioned in section 26C; | (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | (c) | the publicly accessible website mentioned in section 26E(3)(c); and | (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. | | | | | | | | | | | | | | | | | | |
| (a) | the implementation date mentioned in section 26C; | | | | | | | | | | | | | | | | | | | | | | | | | |
| (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | | | | | | | | | | | | | | | | | | | | | | | | | |
| (c) | the publicly accessible website mentioned in section 26E(3)(c); and | | | | | | | | | | | | | | | | | | | | | | | | | |
| (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. | | | | | | | | | | | | | | | | | | | | | | | | | | | “ Division 2 — Investment schemes | Interpretation of this Division | 25B. —(1)  In this Division —
| “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; |

| “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); |

| “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; |

| “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; |

| “implementation date” means the implementation date prescribed under subsection (3)(a); |

| “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; |

| “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); |

| “relevant investment scheme” means the CPF investment scheme relating to designated shares. |

| (2)  To avoid doubt —
\| (a) \| the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \|
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \| \| \| \| \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| \| \| \| \|
\| (b) \| the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. \| \| \| \| \| | (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. |
| (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | | | |
| (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | | | | | | | |
| (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | | | | | | | |
| (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | | | | | | | |

| (3)  The Minister may, by order in the Gazette, prescribe —
\| (a) \| the implementation date mentioned in section 26C; \|
\| (b) \| the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; \|
\| (c) \| the publicly accessible website mentioned in section 26E(3)(c); and \|
\| (d) \| any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. \| | (a) | the implementation date mentioned in section 26C; | (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | (c) | the publicly accessible website mentioned in section 26E(3)(c); and | (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. |
| (a) | the implementation date mentioned in section 26C; | | | | | | | |
| (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | | | | | | | |
| (c) | the publicly accessible website mentioned in section 26E(3)(c); and | | | | | | | |
| (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. | | | | | | | | | “account holder”, “book‑entry securities”, “depositor”, “Depository”, “Depository Register” and “depository rules” have the respective meanings given by section 81SF of the Securities and Futures Act 2001; | “Board’s designated shares account” means a designated shares account created by the Depository on the implementation date for designated shares that vest or have vested in the Board under section 26(1); | “designated shares account” means an account with the Depository kept exclusively for book‑entry securities in respect of designated shares that are subject to the relevant investment scheme; | “direct account” means an account maintained by a person directly with the Depository (other than a designated shares account) in which securities are held for the person’s own account; | “implementation date” means the implementation date prescribed under subsection (3)(a); | “investment scheme account” means an account for the making, purchase, acquisition or holding of any investments under a CPF investment scheme, other than an account with the Depository; | “permitted information” means information prescribed under subsection (3)(d) to be “permitted information” for the purposes of section 26F(1), (2) and (3); | “relevant investment scheme” means the CPF investment scheme relating to designated shares. | (2)  To avoid doubt —
| (a) | the references to designated shares —
\| (i) \| in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and \|
\| (ii) \| in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and \| | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and |
| (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | | | | |
| (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | | | | |
| (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | | | | | | (a) | the references to designated shares —
| (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and |
| (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | | (i) | in subsections (1) and (3)(d) and sections 26C to 26F, include references to vested shares; and | (ii) | in subsections (1) and (3)(d) and sections 26E and 26F, also include references to designated shares which have been withdrawn from the relevant investment scheme; and | (b) | the definition of “designated shareholder” in section 2(1) continues to apply to a person even after the designated shares purchased by that person have become vested shares or have been withdrawn from the relevant investment scheme. | (3)  The Minister may, by order in the Gazette, prescribe —
| (a) | the implementation date mentioned in section 26C; |
| (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; |
| (c) | the publicly accessible website mentioned in section 26E(3)(c); and |
| (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. | | (a) | the implementation date mentioned in section 26C; | (b) | the transfer period mentioned in sections 26C(3)(b)(ii) and 26D(1), which must start the day after the implementation date; | (c) | the publicly accessible website mentioned in section 26E(3)(c); and | (d) | any information in the possession of the Board relating to any designated shares or the designated shareholder of any designated shares to be “permitted information” for the purposes of section 26F(1), (2) and (3). ”. |
| | “ Division 2 — Investment schemes |