Section 101B

A person against whom a prohibition order is made must comply with the prohibition order.

Where a prohibition order is made against a person and notified to the holder of a capital markets services licence or an exempt person, the holder or exempt person must not employ the firstmentioned person to carry out any regulated activity or use the firstmentioned person’s service, to the extent that this is prohibited by the order.

Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $150,000 or to imprisonment for a term not exceeding 2 years or to both.

Any person who contravenes subsection (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.

The holder of a capital markets services licence or an exempt person against whom a prohibition order has been issued prohibiting it from carrying on any regulated activity must immediately inform all its representatives who perform the regulated activity, by written notice of such prohibition order, and the representatives who are so informed must cease to perform such regulated activity during the period specified in the prohibition order.

Any person who contravenes subsection (5) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $150,000 and, in the case of a continuing offence, to a further fine not exceeding $15,000 for every day or part of a day during which the offence continues after conviction.