Section 55ZE

identifying any person or class of persons, where exposure of the merchant bank, or a merchant bank within the class of merchant banks, to the person or class of persons may result in concentration risk to the merchant bank; or

limiting the exposure of the merchant bank or a merchant bank within the class of merchant banks to any person or class of persons, where the exposure may result in concentration risk to the merchant bank.

specify the limit on any exposure;

exclude any exposure from any limit;

specify the manner in which and process by which —

any exposure is to be measured or aggregated; and

a person or class of persons mentioned in subsection (1)(a) or (b) is to be identified;

exclude any merchant bank or class of merchant banks from any requirement imposed under subsection (1);

vary any limit in a particular case;

require the merchant bank in Singapore or a merchant bank within the class of merchant banks in Singapore to report its exposures to the Authority; and

specify the manner in which and the times at which the merchant bank in Singapore or a merchant bank within the class of merchant banks must report its exposures to the Authority.

any requirement imposed under subsection (1); or

subsection (3),commits an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction.