Singapore legislation
Clause 65
Clause 65
Prohibition of use of certain titles
(1)
No person other than a Futures Exchange or clearing house, shall —
take or use the title “futures exchange” or “clearing house”; or
take or use, or have attached to or exhibited at any place, any title which resembles the titles specified in paragraph (a) or so closely resembles such titles as to be calculated to deceive.
(2)
A person who is not a futures broker, futures trading adviser or futures pool operator shall not —
take or use the title or description “futures broker”, “futures trading adviser” or “futures pool operator”; or
take or use, or have attached to or exhibited at any place, any title or description that resembles the titles specified in paragraph (a) or so closely resembles such titles as to be calculated to deceive.
(3)
Any person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 and in the case of a continuing offence to a further fine of $2,000 for every day during which the offence continues after conviction.