Singapore legislation

Regulation 52

of Securities and Futures (Clearing Facilities) Regulations 2013

Regulation 52

Offences

Amended byS 673/2018 wef 08/10/2018

Subregulation 1

Amended byS 673/2018 wef 08/10/2018

Unless otherwise provided in these Regulations, any corporation which contravenes regulation 5, 11(2), 12(1) or (2), 15(2), 16, 17, 18, 19, 21(1), (3) or (10), 23(2), (3) or (4), 24(4), 25(2), 26(1) or (2), 27, 28, 32(2), 37(2), 38, 39, 40, 41, 42(1), (3) or (10), 44(2), (3) or (4), 45(4), 46(2), 47(1) or (2), 48 or 49 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).