Singapore legislation
Regulation 16
of Securities and Futures (Approved Holding Companies) Regulations 2005
Regulation 16
Offences
Subregulation 1
Unless otherwise provided in these Regulations, any corporation which contravenes regulation 5, 8(2), 10(2), 11 or 13(2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $150,000 and, in the case of a continuing offence, to a further fine not exceeding $15,000 for every day or part thereof during which the offence continues after conviction.
Subregulation 2
Section 333(1) of the Act shall not apply to any offence referred to in paragraph (1).