Singapore legislation
Section 81ZB
Section 81ZB
Obligation to submit periodic reports
(1)
An approved holding company must submit to the Authority such reports in such form, manner and frequency as the Authority may prescribe.
(2)
Any approved holding company which contravenes subsection (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.