Commodity Trading Act 1992 · 2020 Revised Edition · Part 7 · Offences
47. Employment of fraudulent or deceptive devices, etc.
Feedback & supportNo person may, directly or indirectly, in connection with any transaction with any other person involving trading in a commodity contract —
commodity contract
“commodity contract” means —(a)a commodity forward contract;(b)any contract made pursuant to trading in differences with respect to a commodity, not being a commodity futures contract; or(c)any contract made pursuant to a transaction in leveraged commodity trading;
employ any device, scheme or artifice to defraud that other person;
engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception, of that other person; or
make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading.