Singapore legislation

Regulation 3

of Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018

Regulation 3

Obligations of specified financial institution

Subregulation 1

The Authority may, by notice in writing —

(a)

impose on a specified financial institution such conditions or restrictions in relation to the issue of structured notes by the specified financial institution as the Authority thinks fit; and

(b)

at any time vary or revoke any condition or restriction so imposed.

Subregulation 2

A specified financial institution must comply with every condition or restriction that is imposed under paragraph (1) on the specified financial institution, and that remains in force.

Subregulation 3

A specified financial institution that contravenes any condition or restriction mentioned in paragraph (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part of a day during which the offence continues after conviction.

Read in full context — Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018 →