Singapore legislation
Section 137ZK
Section 137ZK
Reporting of short position
(1)
Where a person’s (A) short position in relation to any specified capital markets products is equivalent to or more than the short position threshold prescribed by regulations made under section 137ZM, A must, at the time or times and in the form and manner prescribed by regulations made under section 137ZM, report to the Authority directly or through another person (B) —
information on —
the identity and business activities of A and (if applicable) B; and
A’s short position in relation to the specified capital markets products,prescribed by regulations made under section 137ZM; and
any change to the information mentioned in paragraph (a).
(2)
Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part of a day during which the offence continues after conviction.