SRS operator definition
SRS operator means any company approved by the Minister, or such person as he may appoint, for the purposes of the Supplementary Retirement Scheme;
SRS operator means the relevant bank appointed by the Ministry of Finance from time to time to operate SRS Accounts. “SRS Units” means Units subscribed or purchased using SRS Contributions.
SRS operator means any bank operating an SRS from time to time.
Examples of SRS operator in a sentence
For SRS investment, redemption proceeds will be paid by the Manager to the relevant SRS operator which will then credit the redemption proceeds (net of any fees, charges or expenses incurred in connection with redemption) into your SRS account.
The Customer shall be liable for any and all costs and expenses incurred by the Company and/or the Custodian or which may be imposed by the relevant Manager or Fund or the CPF Board or SRS operator banks (whichever is applicable) in relation to any cancellation of Units and hereby authorises the Company to deduct all such costs and expenses from the cancellation proceeds due to the Customer as may be permitted under Applicable Laws.
More Definitions of SRS operator
SRS operator means the relevant bank appointed by the Ministry of Finance from time to time to operate SRS Accounts.
SRS operator means any of the designated banks as appointed by the Minister of Finance from time to time to operate SRS Accounts.
SRS operator means a bank appointed to operate Supplementary Retirement Scheme accounts.
SRS operator means any financial institution that participates in the SRS Scheme and acts as a Custodian of contributions made under the SRS Scheme pursuant to an agreement with the Ministry of Finance.
SRS operator means any bank or other entity appointed as SRS operator pursuant to the SRS Regulations.
SRS operator means any of the designated banks as appointed by the Ministry of Finance from time to time to operate SRS Accounts “Sub-Funds” means the sub-funds listed in paragraph 5.1 of this Prospectus and “Sub-Fund” means any one of them (as the case may be) “Subscription Fee” in relation to a Sub-Fund means a charge upon the issue of Units of such percentage of the gross Investment Sum as the Manager may from time to time determine generally or in relation to any specific transaction or class of transactions for a Sub-Fund and shall not exceed the maximum limit as stated in the Prospectus “Transactions Adjustment” in relation to the issue of a Unit of any Sub-Fund, means an adjustment of up to such amount (if any) as the Manager determines represents the Duties and Charges which would have been payable in purchasing the Investments constituting the relevant Deposited Property for the account of that Sub-Fund as at the Valuation Point divided by the number of Units of that Sub-Fund issued and deemed to be in issue as at that time provided that it shall not exceed such percentage as the Manager and the Trustee may from time to time agree; and in relation to the cancellation and realisation of a Unit, an adjustment of up to such amount (if any) as the Manager determines represents the Duties and Charges which would have been payable in selling the Investments constituting the relevant Deposited Property for the account of that Sub-Fund as at the Valuation Point divided by the number of Units of that Sub-Fund in issue and deemed to be in issue as at that time provided that it shall not exceed such percentage as the Manager and the Trustee may from time to time agree. Such expression in the context of a given date shall refer to the amount or amounts so determined by the Manager and applicable on that date “Trustee” means HSBC Institutional Trust Services (Singapore) Limited or any other corporation for the time being duly appointed as trustee of the Fund pursuant to Clause 37 of the Deed “Trustee’s Fee” shall mean the fee payable to the Trustee pursuant to the Deed for its services as Trustee “Unit(s)” means an undivided share in the Deposited Property or the portion of the Deposited Property attributable to a Sub-Fund; which includes a fraction of a Unit truncated to three decimal places (or such other number of decimal places as the Manager may from time to time determine with the approval of the Trustee) “Unquoted Investment” means any Investment which is not quoted...
SRS operator means any financial institution participating in the SRS and acts as a custodian of contributions made under the SRS pursuant to an agreement with the Ministry of Finance, Singapore;