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In forceAmendedUpdated to 30 Jun 2025
Contents

Part 4A · Information Sharing Scheme for Prescribed Financial Institutions

28J. False or misleading disclosures

Amended

Last amended by an amending law of 2023.

A prescribed financial institution, or an officer of the prescribed financial institution, that knowingly or recklessly —

(a)

discloses any risk information under section 28D or 28E;

(b)

publishes any risk information under section 28F; or

(c)

makes any correction to the risk information mentioned in paragraph (a) or (b),that is false or misleading in a material particular, shall be guilty of an offence and shall be liable on conviction —

(d)

in the case of an individual, to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both; or (e)in any other case, to a fine not exceeding $1 million.

Report

Part 5

Technology Risk Management

Part 6

Dispute Resolution Schemes

Part 7

Control Over Financial Institutions

Part 8

Resolution of Financial Institutions

Part 9

Digital Token Service Providers

Part 10

Inspection Powers of Authority

Part 10A

Investigations

Part 11

Offences

Part 12

Miscellaneous

Part 13

Consequential and Related Amendments to Other Acts

Part 14

Savings and Transitional Provisions

Schedules