Singapore legislation

Clause 339

of Securities and Futures Bill

Clause 339

Extra-territoriality of Act

(1)

Where a person does an act partly in and partly outside Singapore which, if done wholly in Singapore, would constitute an offence against any provision of this Act, that person shall be guilty of that offence as if the act were carried out by that person wholly in Singapore, and may be dealt with as if the offence were committed wholly in Singapore.

(2)

Where —

(a)

a person does an act outside Singapore which has a substantial and reasonably foreseeable effect in Singapore; and

(b)

that act would, if carried out in Singapore, constitute an offence under any provision of Part II, III, IV, VIII, XII, XIII or XV,that person shall be guilty of that offence as if the act were carried out by that person in Singapore, and may be dealt with as if the offence were committed in Singapore.

(3)

The Authority may, by regulations, specify the circumstances under which subsection (2) does not apply.

Clause 339 — Securities and Futures Bill | laws.sg