Singapore legislation
Clause 100
Clause 100
Power of Authority to make regulations
(1)
Without prejudice to section 341, the Authority may make regulations relating to the grant of a capital markets services licence or a representative’s licence, and requirements applicable to persons who carry on business in any regulated activity or act as representatives in carrying on such business.
(2)
Regulations made under this section may provide that a contravention of specified provisions thereof shall be an offence and may provide penalties not exceeding a fine of $100,000.