Singapore legislation

Regulation 36

Compoundable offences

Amended byS 473/2021 wef 01/07/2021S 511/2019 wef 01/08/2019S 473/2021 wef 01/07/2021S 473/2021 wef 01/07/2021S 473/2021 wef 01/07/2021

The following offences may be compounded by the Authority in accordance with section 69 of the Act:

(a)

any offence (other than a continuing offence) under the Act or any regulations made under the Act which is punishable with a fine only;

(b)

any offence (other than a continuing offence) under section 4(2), 4A(4), 5(3), 17(2), 18(3)(a), 28(7), 47(4) or (6), 50(7) or (8), 52(2)(a), 55N(2)(a) or 57(7) of the Act;

(c)

any offence under section 66(1) of the Act, where the non‑compliance by the bank mentioned in that provision constitutes a compoundable offence under paragraph (a) or (b);

(d)

any offence (other than a continuing offence) under section 55Z(5)(a), section 28(7) (as applied by section 55ZD(2)), section 47(4) or (6) (as applied by section 55ZI), section 50(7) or (8) (as applied by section 55ZJ(1)), section 52(2)(a) (as applied by section 55ZJ(1)) or section 55N(2)(a) (as applied by section 55ZK(1)) of the Act;

(e)

any offence under section 66(1) of the Act, where the non-compliance by the merchant bank mentioned in that provision constitutes a compoundable offence under paragraph (a) or (d).

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