Singapore legislation
Clause 28
Clause 28
Revocation or suspension of registration by designated entity
(1)
Subject to subsection (2), a designated entity may take such disciplinary or other action against, or impose such penalties on or make such other orders against, any of its members registered with it as a chartered accountant as provided in its membership rules.
(2)
A designated entity shall not revoke or suspend the registration of any person as a chartered accountant except as provided under this section.
(3)
Subject to subsection (4), if, upon taking such disciplinary or other action as provided in its membership rules against any member registered with it as a chartered accountant, the designated entity (or such body of persons specified in its membership rules as being responsible for making that assessment) is of the opinion that —
the member has contravened any code of professional conduct, standards or ethics applicable to chartered accountants under its membership rules; and
there exists cause of sufficient gravity for revoking the registration of the chartered accountant,the designated entity may revoke his registration as a chartered accountant.
(4)
A designated entity may, instead of revoking the registration of a chartered accountant under subsection (3), suspend the registration for a period not exceeding 10 months.