Regulation 1
Citation
These Regulations may be cited as the Securities and Futures (Composition of Offences) Regulations.
/akn/sg/act/sub_leg/2001/SFA-RG4
Securities and Futures (Composition of Offences) Regulations
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2001
- Sections
- 3
Quick answer
About this subsidiary legislation
Securities and Futures (Composition of Offences) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-RG4 2001, currently marked in force and first recorded in 2001.
Regulation 2
Compoundable offences
Amended byS 371/2005 wef 01/07/2005S 58/2008 wef 04/02/2008S 711/2010 wef 26/11/2010S 167/2013 wef 28/03/2013S 171/2020 wef 01/08/2013S 171/2020 wef 08/10/2018S 167/2013 wef 28/03/2013S 167/2013 wef 28/03/2013
The following offences may be compounded by the Authority in accordance with section 336(2) of the Act:
(a)
any offence under the Act which is punishable by a fine only;
(b)
any offence under section 7(4), 49(4), 81U(2), 82(3), 99B(4), 99J(4), 253(1) or 253(1) as applied by section 302 (in relation to an offer of units in a collective investment scheme) of the Act; (c)any offence under section 332(1)(a) of the Act, where the non-compliance referred to in that section constitutes an offence which is compoundable under paragraph (a) or (b);
(d)
any offence under regulation 47B(8) or 47E(5) of the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg 10).
Regulation 3
Acceptance of composition of offence
Amended byS 495/2018 wef 14/08/2018
Subregulation 1
Amended byS 495/2018 wef 14/08/2018
The Authority may compound an offence under section 336(2) of the Act only if the person reasonably suspected of having committed the offence —
(a)
accepts the offer of composition made by the Authority in writing in the form set out on the Authority’s website at http://www.mas.gov.sg; and
(b)
pays the composition sum to the Authority,within 14 days after the offer of composition is made or such longer period as the Authority may specify.
Subregulation 2
Where the person referred to in paragraph (1) is not an individual, the acceptance of composition shall be made —
(a)
in the case of a body corporate, by an officer of that body corporate;
(b)
in the case of a partnership, by a partner of that partnership; or
(c)
in the case of an unincorporated association (other than a partnership), by an officer of that association or a member of its governing body.
Subregulation 3
For the purposes of paragraph (2), “officer” —
(a)
in relation to a body corporate, means a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body; or (b)in relation to an unincorporated association (other than a partnership), means the president, the secretary or any member of the committee of the association and includes persons holding positions analogous to those of president, secretary or member of a committee.
Common questions
- What is Securities and Futures (Composition of Offences) Regulations?
- Securities and Futures (Composition of Offences) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-RG4 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (Composition of Offences) Regulations still in force?
- Yes — Securities and Futures (Composition of Offences) Regulations is currently in force.
- When did Securities and Futures (Composition of Offences) Regulations take effect?
- Securities and Futures (Composition of Offences) Regulations was first recorded in 2001.
- How many regulations does Securities and Futures (Composition of Offences) Regulations have?
- Securities and Futures (Composition of Offences) Regulations contains 3 regulations.
- Where can I read the official version of Securities and Futures (Composition of Offences) Regulations?
- The official text of Securities and Futures (Composition of Offences) Regulations is published at sso.agc.gov.sg.