Singapore legislation

Clause 12

of Futures Trading (Amendment) Bill

Clause 12

Repeal and re-enactment of section 56

Section 56 of the principal Act is repealed and the following section substituted therefor:“Penalties

56. Any 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 who is not a body corporate, to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 7 years or to both; or

(b)

in the case of a body corporate, to a fine not exceeding $500,000.”.