Singapore legislation
Regulation 40
of Casino Control (Casino Marketing Arrangements) Regulations 2013
Regulation 40
Disciplinary action against licensed international market agent
Subregulation 1
In this regulation and regulation 42 —
Definition
“disciplinary action”, in relation to a licensed international market agent, means one or more of the following:
the cancellation or suspension of his or its international market agent licence;
the issuing of a letter of censure;
the variation of any condition of his or its international market agent licence;
the imposition of a financial penalty not exceeding $400,000 for each ground of disciplinary action;
Definition
“grounds for disciplinary action”, in relation to a licensed international market agent, means any of the following grounds:
that his or its international market agent licence was improperly obtained in that, at the time the international market agent licence was granted, there were grounds for refusing it;
that the licensed international market agent or an agent or employee of the licensed international market agent has contravened a provision of the Act, regulations made thereunder or a condition of his or its international market agent licence;
that the licensed international market agent has failed to provide information that he or it is required by the Act or these Regulations to provide or has provided information knowing it to be false or misleading or reckless as to whether it is so;
that for any reason, the licensed international market agent is, in the opinion of the Authority, no longer a suitable person to hold an international market agent licence having regard to the matters in regulation 13.
Subregulation 2
A letter of censure may censure the licensed international market agent in respect of any matter connected with the ownership, administration or management of the licensed international market agent or the organisation, promotion or conduct of any casino marketing arrangement, and may include a direction to the licensed international market agent to rectify, within a specified time, any matter giving rise to the letter of censure.
Subregulation 3
If any direction to rectify given under paragraph (2) to a licensed international market agent is not complied with within the specified time, the Authority may, by written notice given to the licensed international market agent —
cancel, suspend or vary the terms of his or its international market agent licence; or
impose a financial penalty not exceeding $400,000,without affording the licensed international market agent a further opportunity to be heard.