Commodity Trading Act 1992 · 2020 Revised Edition · Part 8 · Miscellaneous
58. Proceedings by whom and when to be taken and power to compound offences
Feedback & supportLast amended by an amending law of 2010.
Proceedings for an offence —
against any provision in Part 7 may be taken only with the consent of the Public Prosecutor; and
against any other provision of this Act may be taken by the Board or, with the consent of the Public Prosecutor, by any other person.
The Board may, without instituting proceedings against any person for an offence under this Act or any regulations made under this Act, which is punishable only by a fine, demand and receive the amount of such fine or such reduced amount as it thinks fit, from the person, whereupon —
Board
“Board” means the Enterprise Singapore Board established by section 3 of the Enterprise Singapore Board Act 2018;
if the person pays that amount to the Board within 14 days after the demand, no proceedings may be taken against the person in relation to the offence;
if the person does not pay the amount so demanded, the Board may cause proceedings to be instituted in relation to the offence.
The powers conferred upon the Board under subsection (2) may only be exercised where a person admits the offence and agrees in writing to the offence being dealt with under that subsection.