Singapore legislation

Section 65

of Securities and Futures Act 2001

Section 65

Penalties under this Subdivision

Amended by34/20124/2017

Any approved clearing house which contravenes section 57(1), 58(1) or (3), 59, 61(1), 62, 63 or 64(1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $200,000 and, in the case of a continuing offence, to a further fine not exceeding $20,000 for every day or part of a day during which the offence continues after conviction.