Singapore legislation

Clause 104

of Securities Industry Bill

Clause 104

Penalties

A person who contravenes any of the provisions of this Part shall be guilty of an offence and shall be liable on conviction —

(a)

in the case of a person not being a body corporate, to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 7 years; or

(b)

in the case of a person being a body corporate, to a fine not exceeding $100,000.