Singapore legislation

Section 114

of Financial Advisers Act 2001

Section 114

Duty not to provide false information to Authority

Amended by1/2009

(1)

Any person who provides the Authority with any information under or for the purposes of any provision of this Act must use due care to ensure that the information is not false or misleading in any material particular.

(2)

Subsection (1) applies only to a requirement in relation to which no other provision of this Act creates an offence in connection with the provision of information.

(3)

Any person who —

(a)

signs any document lodged with the Authority; or

(b)

lodges with the Authority any document by electronic means using any identification or identifying code, password or other authentication method or procedure assigned to him or her by the Authority,must use due care to ensure that the document is not false or misleading in any material particular.

Amended by1/2009

(4)

Any person who contravenes subsection (1) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 or to imprisonment for a term not exceeding 2 years or to both.[86