Singapore legislation
Section 123ZC
Section 123ZC
Requirement for authorisation
Amended by4/20174/2017
(1)
Subject to section 123ZH(1), no person may, as principal or agent, carry on a business or activity of providing information in relation to a designated benchmark unless the person is —
(a)
an authorised benchmark submitter; or
(b)
a designated benchmark submitter.
Amended by4/2017
(2)
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 3 years or to both 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.
Amended by4/2017