Singapore legislation
Section 119
Section 119
Disclosure of valuation report
(1)
A valuer of a Division 5C FI under resolution may, with the Authority’s approval, disclose the whole or any part of the valuation report of the Division 5C FI to the Division 5C FI, any pre‑resolution creditor or pre‑resolution shareholder of the Division 5C FI, or the public.
(2)
In granting approval for a disclosure, the Authority may impose such conditions or restrictions as it thinks fit on the valuer as to the form or content of the valuation report or part of it to be disclosed.
(3)
The Authority may also impose such conditions or restrictions as it thinks fit on the Division 5C FI under resolution or any pre‑resolution creditor or pre‑resolution shareholder of the Division 5C FI that the valuer discloses the valuation report to.
(4)
Any person who contravenes any of the provisions of this section, or any condition or restriction imposed under subsection (2) or (3), shall be guilty of an offence and shall be liable on conviction —
in the case of an individual, to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both; or
in any other case, to a fine not exceeding $250,000.