In forceAmended2020 Revised Edition

Contents

Accounting and Corporate Regulatory Authority Act 2004 · 2020 Revised Edition · Part 6A · Electronic Transaction System and Data Framework

35. Regulations for this Part

Feedback & support

Amended

Last amended by an amending law of 2024. 2 amendments in all.

(1)

The Minister may make any regulations that are necessary or expedient for carrying out the purposes of this Part.

(2)

Without limiting subsection (1), such regulations may —

(a)

[Deleted by Act 22 of 2024 wef 09/06/2025]

(b)

prescribe the persons to whom, and the transactions to which, the requirement under section 28(2) or (3) does not apply;

(ba)

for the purposes of section 28A —

(i)

require any person who may be issued, given or sent information or a document by means of the electronic transaction system to provide an email address for notification under section 28A(1)(b);

(ii)

prescribe any other manner in which the notification under section 28A(1)(b) may be given; and

(iii)

prescribe the time and circumstances when the information or document is deemed to be issued, given or sent by means of the electronic transaction system;

(c)

[Deleted by Act 22 of 2024 wef 09/06/2025]

(d)

[Deleted by Act 22 of 2024 wef 09/06/2025]

(e)

[Deleted by Act 22 of 2024 wef 09/06/2025]

(f)

[Deleted by Act 22 of 2024 wef 09/06/2025]

(g)

prescribe —

(i)

the fees payable for the purposes of this Part and not expressly provided for in section 27(5);

(ii)

the penalties payable for the late filing of any document; and

(iii)

the manner in which such fees and penalties are to be paid;

(h)

provide that any contravention of any provision of the regulations shall be an offence punishable with a fine not exceeding $50,000 or with imprisonment for a term not exceeding 3 years or with both;

(i)

prescribe anything which may be prescribed under this Part; and

(j)

contain any transitional and other supplementary and incidental provisions that appear to the Minister to be appropriate for carrying out the purposes of this Part.[28J