Legislation and Guidelines for SGS
The MAS is empowered to issue Singapore Government Securities (SGS) on behalf of the Government, and is responsible for developing the SGS market. It also regulates primary dealers in the SGS and MAS-issued securities market.
Legislation
The issuance and management of SGS is governed by the following legislation:
Acts
- Government Securities (Debt Market and Investment) Act 1992
- Significant Infrastructure Government Loan Act 2021
Subsidiary Legislation
Notices
- Notice 761 Obligations of Primary Dealers (SGS)
- Notice 762 Obligations of Primary Dealers (MAS-issued Securities)
- Government Securities Financial Penalty Notification
Guidelines and Market Practices
Primary dealers are required to comply with the following rules and practices:
- Guidelines for Banks whose Business includes Dealing in Government Securities
- Rules and Market Practices of the SGS Market (277.4 KB)
For more on primary dealers' requirements and responsibilities, see the Guide to SGS Primary Dealer Operations. (255.4 KB)