Financial Advisers Act 2001 · 2020 Revised Edition · Part 8 · Offences
117. Composition of offences
Feedback & supportLast amended by an amending law of 2012.
The Authority may compound any offence under this Act that is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding one half of the amount of the maximum fine prescribed for that offence.
The Authority may compound any offence under this Act (including an offence under a provision that has been repealed) which —
was compoundable under this section at the time the offence was committed; but(b)has ceased to be so compoundable,by collecting from a person reasonably suspected of having committed the offence a sum not exceeding one half of the amount of the maximum fine prescribed for that offence at the time it was committed.
All sums collected by the Authority under subsection (1) or (2) must be paid into the Consolidated Fund.[89