Singapore legislation

Section 123W

of Securities and Futures Act 2001

Section 123W

Penalties under this Subdivision

Amended by4/2017

Any authorised benchmark administrator or exempt benchmark administrator which contravenes section 123P, 123Q, 123R, 123S, 123T or 123V shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $200,000 and, in the case of a continuing offence, to a further fine not exceeding $20,000 for every day or part of a day during which the offence continues after conviction.

Section 123W — Securities and Futures Act 2001 | laws.sg