Singapore legislation

Clause 92

of Securities Industry Bill

Clause 92

General penalty

(1)

A person who contravenes or fails to comply with any provision of this Act shall be guilty of an offence under this Act and, where no penalty is expressly provided, shall be liable on conviction to a fine not exceeding two thousand dollars.

(2)

Where a person, being a corporation, is guilty of an offence under this Act any director, manager, secretary or other officer of the corporation who was knowingly a party to the offence shall also be guilty of that offence.