Singapore legislation

Clause 39

of Securities and Futures (Amendment) Bill

Clause 39

Amendment of section 168

Section 168 of the principal Act is amended —

(a)

by deleting the words “under section 163, 165(7) or 166” in subsection (1) and substituting the words “under section 163, 163A(5), 165(3)(d) or (7) or 166, or pursuant to an authorisation referred to in section 164(2)(d),”;

(b)

by deleting subsection (4) and substituting the following subsection:“(4) Any person, who conceals, destroys, mutilates or alters any book, equipment or article relating to a matter that the Authority is investigating or about to investigate under this Division or who, where any such book, equipment or article is within the territory of Singapore, takes or sends the book, equipment or article out of Singapore, 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.”;

(c)

by inserting, immediately after the words “a person who is” in subsection (5), the words “exercising any power under section 163A(1) or (5) or”;

(d)

by deleting subsection (6) and substituting the following subsection:“(6) Any occupier or person in charge of any premises who fails to provide, to any person who enters those premises under section 163A(1) or under a warrant issued under section 164(1), all reasonable facilities and assistance for the effective exercise of that person’s powers under section 163A(1) or (5) or under the warrant, as the case may be, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 12 months or to both.”; and

(e)

by deleting the word “Part” in the section heading and substituting the word “Division”.

Clause 39 — Securities and Futures (Amendment) Bill