62. False reports to Authority or Futures Exchange

Amended

Last amended by an amending law of 1995.

Any person who, with intent to deceive, makes or furnishes, or knowingly and wilfully authorises or permits the making or furnishing of, any false or misleading statement or report to the Authority, a Futures Exchange, a clearing house or any officers thereof relating to —

(a)

trading in futures contracts;

(b)

foreign exchange trading;

(c)

leveraged foreign exchange trading;

(d)

any matter or thing required by the Authority for the proper administration of this Act; or

(e)

the enforcement of the business rules of a Futures Exchange or a clearing house,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.

Terms defined in s 2

Authority
Defined · s 2
“Authority” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act;
Open s 2
business rules
Defined · s 2
“business rules”, in relation to a body corporate that maintains or proposes to maintain a futures market, means the rules, regulations and by-laws, by whatever name called, governing the activities and conduct of —(a)the body corporate and its members;(b)its clearing house; and(c)other persons in relation to the futures market,whether those rules, regulations or by-laws are made by the body corporate or are contained in the Memorandum and Articles of Association of the body corporate or altered or supplemented by the Authority pursuant to section 6(4);
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clearing house
Defined · s 2
“clearing house”, in relation to a futures market, means a body corporate, or an association or organisation forming part of a Futures Exchange, that —(a)clears and settles futures contracts; and(b)makes adjustments to the contractual obligations arising out of those futures contracts;
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foreign exchange trading
Defined · s 2
“foreign exchange trading” has the meaning given to it in section 2A;
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Futures Exchange
Defined · s 2
“Exchange” or “Futures Exchange” means —(a)the Singapore International Monetary Exchange Ltd.; or(b)a body corporate —(i)that provides or proposes to provide the physical facilities necessary for trading in futures contracts; and(ii)that maintains or proposes to maintain a futures market that is approved by the Authority under section 4;
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leveraged foreign exchange trading
Defined · s 2
“leveraged foreign exchange trading” has the meaning given to it in section 2A;
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trading in futures contracts
Defined · s 2
“trading in futures contracts”, in relation to any person, whether acting as principal or agent, means —(a)making or offering to make an agreement with any other person or inducing or attempting to induce any other person to enter into an agreement for the purchase or sale of a futures contract; or(b)soliciting or accepting any order for, or otherwise dealing in, a futures contract.
Open s 2

Report

Read on from s 63