2. In regulation 9 of the Central Provident Fund (Self-Employed Persons) Regulations (Cap. 36, Rg 25 (2007 Ed.)), delete paragraph (3) and substitute:“(3) The maximum amount referred to in paragraph (2) shall be the following, whichever is the higher:| (a) | the maximum amount specified in the second column of the First Schedule applicable to the applicant; or | | (b) | a proportion of 12 times the maximum amount of contributions an employer is liable to pay in respect of the applicant’s ordinary wages for the month as prescribed in —| (i) | the First Schedule to the Act; | | (ii) | the Schedule to the Central Provident Fund (Permanent Residents—Employees) Regulations (Rg 21); | | (iii) | the First or Second Schedule to the Central Provident Fund (Government Employees) Regulations (Rg 23); or | | (iv) | the First or Second Schedule to the Central Provident Fund (Statutory Bodies and Aided Schools — Employees) Regulations (Rg 28), |
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