Singapore legislation
Section 334
Section 334
Power of Authority to reprimand for misconduct
(1)
Where the Authority is satisfied that a relevant person is guilty of misconduct, the Authority may, if it thinks it necessary in the interests of the public or a section of the public or for the protection of investors, reprimand the relevant person.
(2)
In this section —
Definition
“misconduct” means —
the contravention of —
any provision of this Act;
any condition or restriction imposed under this Act;
(iia)any direction made by the Authority under this Act;
any code, guideline, policy statement or practice note issued under section 321; or
any business rules of an approved exchange, a licensed trade repository or an approved clearing house, or the listing rules of an approved exchange;
the failure by an officer of a relevant person to discharge any duty or function of his or her office; or
the commission of an offence under section 331 or 332(1);
Definition
“officer” —
in relation to a body corporate, means a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, and includes a person purporting to act in any such capacity; or
in relation to an unincorporated association (other than a partnership), means the president, the secretary, or a member of the committee of the association or a person holding a position analogous to that of president, secretary or member of a committee, and includes a person purporting to act in any such capacity;
Definition
“partner” includes a person purporting to act as a partner;
Definition
“relevant person” means —
an approved exchange;
a recognised market operator;
a licensed trade repository;
a licensed foreign trade repository;
an approved clearing house;
a recognised clearing house;
an approved holding company;
a holder of a capital markets services licence to carry on business in any regulated activity;
an exempt person;
an approved trustee mentioned in section 289;
an authorised benchmark administrator;
an exempt benchmark administrator;
an authorised benchmark submitter;
an exempt benchmark submitter;
a designated benchmark submitter; or
any employee, officer, partner or representative of any person mentioned in paragraphs (a), (b), (c), (d), (e), (f), (g), (h), (i), (j), (k), (l), (m), (n) and (o).