Singapore legislation

Section 199

of Securities and Futures Act 2001

Section 199

False or misleading statements, etc.

Amended by4/2017

A person must not make a statement, or disseminate information, that is false or misleading in a material particular and is likely —

(a)

to induce other persons to subscribe for securities, securities‑based derivatives contracts or units in a collective investment scheme;

(b)

to induce the sale or purchase of securities, securities‑based derivatives contracts or units in a collective investment scheme, by other persons; or

(c)

to have the effect (whether significant or otherwise) of raising, lowering, maintaining or stabilising the market price of securities, securities‑based derivatives contracts or units in a collective investment scheme,if, when the person makes the statement or disseminates the information —

(d)

the person does not care whether the statement or information is true or false; or

(e)

the person knows or ought reasonably to have known that the statement or information is false or misleading in a material particular.

Read in full context — Securities and Futures Act 2001 →