Singapore legislation

Clause 6

of Securities Industry Bill

Clause 6

Penalties

(1)

A person who, without reasonable excuse, refuses or fails to comply with a requirement made under section 5 shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.

(2)

A person who, in purported compliance with a requirement made under section 5, furnishes information or makes a statement that is false or misleading in a material particular shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.

(3)

A person, without reasonable excuse, who obstructs or hinders the Authority or another person in the exercise of any power under section 5 shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.

Clause 6 — Securities Industry Bill | laws.sg