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laws.sgby aturio
In forceAmended2020 Revised Edition
Contents

Part 13 · Miscellaneous

197. Recovering and collecting financial penalties, etc.

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Amended

Last amended by an amending law of 2022.

(1)

All the following must be collected by the Authority and paid into the Consolidated Fund:

(a)

any financial penalties imposed under section 54 or 93, or any regulations made under section 110B(6) regarding disciplinary action against licensed international market agents and licensed international market agent representatives;

(b)

any moneys under a performance bond, deposit or other form of security required under section 185C and forfeited for the purpose of meeting any financial penalty imposed;

(c)

any winnings forfeited under section 128(2);

(d)

any composition sum collected under sections 152 and 196, respectively.

(2)

Any sum mentioned in subsection (1)(a), (b) or (c) (or any part thereof) that has become due and payable by a person but has not been paid may be recovered as if a debt due to the Authority from that person; and the person’s liability to pay is not affected by the person’s licence ceasing, for any reason, to be in force.

Report

Read on from s 197A

Schedules

Read on from Schedules