Singapore legislation

Clause 330

Duty not to furnish false statements to securities exchange, futures exchange, clearing house and Securities Industry Council

(1)

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 a securities exchange, futures exchange, clearing house or any officers thereof relating to —

(a)

dealing in securities, trading in futures contracts, foreign exchange trading or leveraged foreign exchange trading;

(b)

the enforcement of the business rules of a securities exchange, futures exchange or a clearing house or the listing rules of a securities exchange; or

(c)

the affairs of a corporation,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both.

(2)

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 Securities Industry Council or any of its officers, relating to any matter or thing required by the Securities Industry Council in the exercise of its functions under this Act shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both.

Read in full context — Securities and Futures Bill →