Singapore legislation

Clause 336

of Securities and Futures Bill

Clause 336

Proceedings with consent of Attorney-General and power to compound offences

(1)

Proceedings for an offence against any provisions of Part XII may be taken only with the consent of the Attorney-General.

(2)

The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding the maximum fine prescribed for that offence.