Singapore legislation

Section 328

of Securities and Futures Act 2001

Section 328

Falsification of records by officer, employee or agent of relevant person

Amended by2/200934/20124/2017

(1)

Any officer, auditor, employee or agent of any relevant person who —

(a)

wilfully makes, or causes to be made, a false entry in any book, or in any report, slip, document or statement of the business, affairs, transactions, conditions or assets of that relevant person;

(b)

wilfully omits to make, or causes to be omitted, an entry in any book, or in any report, slip, document or statement of the business, affairs, transactions, conditions or assets of that relevant person; or

(c)

wilfully alters, extracts, conceals or destroys, or causes to be altered, extracted, concealed or destroyed, an entry in any book, or in any report, slip, document or statement of the business, affairs, transactions, conditions or assets of that relevant person,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both.

(2)

In subsection (1) —

Amended by2/200934/20124/2017

Definition

“officer” includes a person purporting to act in the capacity of an officer;

Definition

“relevant person” means any —

(a)

approved exchange;

(b)

recognised market operator;

(c)

licensed trade repository;

(d)

licensed foreign trade repository;

(e)

approved clearing house;

(f)

recognised clearing house;

(g)

approved holding company;

(h)

holder of a capital markets services licence to carry on business in any regulated activity;

(i)

exempt person;

(j)

representative;

(k)

approved trustee mentioned in section 289;

(l)

authorised benchmark administrator;

(m)

exempt benchmark administrator;

(n)

authorised benchmark submitter;

(o)

exempt benchmark submitter; or

(p)

designated benchmark submitter.

Amended by2/200934/20124/2017

Read in full context — Securities and Futures Act 2001 →