Singapore legislation

Section 129H

of Securities and Futures Act 2001

Section 129H

Exemption from section 129C

Amended by34/201234/20124/201734/201234/20124/201734/2012

(1)

Without affecting section 337(1), the Authority may, by regulations made under section 129G, exempt any specified person or class of specified persons from all or any of the provisions of section 129C, subject to such conditions or restrictions as the Authority may prescribe in those regulations.

Amended by34/2012

(2)

The Authority may, by written notice, exempt any specified person from all or any of the provisions of section 129C, subject to such conditions or restrictions as the Authority may specify by written notice.

Amended by34/20124/2017

(3)

It is not necessary to publish any exemption granted under subsection (2) in the Gazette.

Amended by34/2012

(4)

Every specified person that is granted an exemption under subsection (1) or (2) must satisfy every condition or restriction imposed on the specified person under the applicable subsection.

Amended by34/2012

(4A)

The Authority may at any time add to, vary or revoke any condition or restriction imposed under this section.

Amended by4/2017

(5)

Any specified person who contravenes subsection (4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction.

Amended by34/2012
Section 129H — Securities and Futures Act 2001 | laws.sg