Singapore legislation

Clause 221

of Securities and Futures Bill

Clause 221

Penalties under this Division

(1)

A person who contravenes section 218 or 219, 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.

(2)

No proceedings shall be instituted against a person for an offence in respect of a contravention of section 218 or 219 after a court has made an order against him for the payment of a civil penalty under section 232 in respect of that contravention.

Clause 221 — Securities and Futures Bill | laws.sg