Singapore legislation

Section 204

of Securities and Futures Act 2001

Section 204

Penalties under this Division

Amended by2/2009

(1)

Any person who contravenes any of the provisions of this Division shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 7 years or to both.

(2)

No proceedings shall be instituted against a person for an offence in respect of a contravention of any of the provisions of this Division after —

(a)

a court has made an order against the person for the payment of a civil penalty under section 232; or

(b)

the person has entered into an agreement with the Authority to pay, with or without admission of liability, a civil penalty under section 232(5),in respect of that contravention.

Amended by2/2009
Section 204 — Securities and Futures Act 2001 | laws.sg