Singapore legislation
Clause 29
Clause 29
Obligation to furnish information to Authority
(1)
The Authority may, in writing, require —
any licensed financial adviser to furnish it with information about any matter related to its business carried on in Singapore or elsewhere; or
any licensed representative to furnish it with information about any matter related to the business of the financial adviser of which he is a representative, whether carried on in Singapore or elsewhere,if, in the opinion of the Authority, it requires the information for the discharge of its functions under this Act.
(2)
A licensed financial adviser which, or a licensed representative who, has been required to furnish information to the Authority under subsection (1) shall comply with such requirement.
(3)
Any person who, without reasonable excuse, contravenes subsection (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 or to imprisonment for a term not exceeding 12 months or to both and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part thereof during which the offence continues after conviction.