Singapore legislation

Section 123L

of Securities and Futures Act 2001

Section 123L

False statements in relation to application for exemption

Amended by4/2017

Any person who, in connection with an application for exemption under section 123K(1)(b) —

(a)

without reasonable excuse, makes a statement which is false or misleading in a material particular; or

(b)

without reasonable excuse, omits to state any matter or thing without which the application is misleading in a material respect,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000.

Read in full context — Securities and Futures Act 2001 →