Singapore legislation
Section 46C
Section 46C
Holding out as licensed trade repository or licensed foreign trade repository
Amended by34/201234/2012
(1)
A person must not hold out that the person is —
(a)
a licensed trade repository, unless the person has in force a trade repository licence granted by the Authority under section 46E(1); or
(b)
a licensed foreign trade repository, unless the person has in force a foreign trade repository licence granted by the Authority under section 46E(2).
Amended by34/2012
(2)
Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 and, in the case of a continuing offence, to a further fine not exceeding $2,000 for every day or part of a day during which the offence continues after conviction.
Amended by34/2012