Singapore legislation
Clause 14
Clause 14
Exchanges to assist Authority
(1)
A securities exchange or futures exchange shall provide such assistance to the Authority as the Authority may reasonably require for the performance of the functions and duties of the Authority, including the furnishing of such returns and the provision of such books and other information relating to the business of the securities exchange or futures exchange or in respect of any dealing in securities or trading in futures contracts or any other specified information as the Authority may require for the proper administration of this Act.
(2)
A securities exchange or futures exchange shall immediately notify the Authority if it becomes aware of a financial irregularity or other matter which in the opinion of the securities exchange or futures exchange may indicate that the financial standing or integrity of a member is in question, or that a member may not be able to meet its legal obligations.
(3)
A securities exchange or futures exchange which, without reasonable justification or excuse, contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part thereof during which the offence continues after conviction.