Singapore legislation

Section 58A

of Central Provident Fund Act 1953

Section 58A

Offences relating to investments

(1)

A person must not, directly or indirectly, in connection with the making of any investment under any scheme in accordance with any regulations made under section 77(1)(n) or the sale or disposal of any such investment —

(a)

employ any device, scheme or artifice to defraud; or

(b)

engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception, upon any person.

(2)

Any person who contravenes subsection (1) shall be guilty of an offence.

Read in full context — Central Provident Fund Act 1953 →