Singapore legislation

Clause 124

of Securities and Futures Bill

Clause 124

Penalties under this Division

Any person who, without reasonable justification or excuse, contravenes any of the provisions of this Division (except section 121), shall be guilty of an offence and shall be liable on conviction, where no penalty is expressly provided, to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for every day or part thereof during which the offence continues after conviction.

Clause 124 — Securities and Futures Bill | laws.sg