Singapore legislation
Clause 60
Clause 60
Effect of prohibition orders
(1)
A person against whom a prohibition order is made shall comply with the prohibition order.
(2)
No licensed financial adviser or exempt financial adviser shall employ or otherwise deal with any representative against whom a prohibition order has been made under section 59 to the extent that such employment or dealing is prohibited by the order.
(3)
Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $75,000 or to imprisonment for a term not exceeding 2 years or to both.
(4)
Any licensed financial adviser or exempt financial adviser which contravenes subsection (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000.