Regulation 2
Compoundable offences
of Deposit Insurance (Composition of Offences) Regulations
Subsidiary LegislationIn forceProvision 2 of 2
Regulation 2
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).