Singapore legislation

Clause 328

Falsification of records by officers, employees and agents

(1)

Any officer, auditor, employee or agent of an exchange holding company, a securities exchange, a futures exchange, a recognised trading system provider, a clearing house, or a holder of a capital markets services licence to carry on business in any regulated activity, who —

(a)

wilfully makes a false entry in any book or in any report, slip, document or statement of the business, affairs, transactions, conditions or assets of that exchange holding company, securities exchange, futures exchange, recognised trading system provider, person granted an exemption under section 5(3) or 6(3), person operating an exempt market, clearing house, person operating an exempt clearing facility, holder of a capital markets services licence, exempt person, representative, or approved trustee for a collective investment scheme as defined in section 289, or causes any such entry to be made;

(b)

wilfully omits to make an entry in any book or in any report, slip, document or statement of the business, affairs, transactions, conditions or assets of that exchange holding company, securities exchange, futures exchange, recognised trading system provider, person granted an exemption under section 5(3) or 6(3), person operating an exempt market, clearing house, person operating an exempt clearing facility, holder of a capital markets services licence, exempt person, representative, or approved trustee for a collective investment scheme as defined in section 289, or wilfully causes any such entry to be omitted; or

(c)

wilfully alters, abstracts, conceals or destroys an entry in any book or in any report, slip, document or statement of the business, affairs, transactions, conditions or assets of that exchange holding company, securities exchange, futures exchange, recognised trading system provider, person granted an exemption under section 5(3) or 6(3), person operating an exempt market, clearing house, person operating an exempt clearing facility, or holder of a capital markets services licence, exempt person, representative, or approved trustee for a collective investment scheme as defined in section 289, or wilfully causes any such entry to be altered, abstracted, concealed or destroyed,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both.

(2)

For the purposes of subsection (1), “officer” includes a person purporting to act in the capacity of an officer.

Read in full context — Securities and Futures Bill →