Section 210
Penalties under this Division
of Securities and Futures Act 2001
ActIn forceProvision 431 of 701
Section 210
Amended by4/20174/2017
(1)
Any person who contravenes any of the provisions of this Division shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 7 years or to both.
Amended by4/2017
(2)
No proceedings shall be instituted against a person for an offence in respect of a contravention of any of the provisions of this Division after —
(a)
a court has made an order against the person for the payment of a civil penalty under section 232; or
(b)
the person has entered into an agreement with the Authority to pay, with or without admission of liability, a civil penalty under section 232(5),in respect of that contravention.
Amended by4/2017