Singapore legislation

Regulation 2

of Deposit Insurance (Composition of Offences) Regulations

Regulation 2

Compoundable offences

Amended byG.N. No. S 7/2006

The following offences may be compounded by the Authority in accordance with section 46(1) of the Act:

(a)

an offence under the Act which is punishable with a fine only;

(b)

an offence under section 29, 41(1)(b) or 42 of the Act; and

(c)

an offence under subsection (1)(a) of section 41 of the Act, where the non-compliance referred to in that subsection constitutes a compoundable offence under paragraph (a) or (b).