Singapore legislation

Regulation 9

of Central Provident Fund (Financial Penalties) Regulations 2016

Regulation 9

Notices to approved provider

Subregulation 1

Where the Board is satisfied that an approved provider has contravened any sub‑paragraph of regulation 3(2), the Board must give the approved provider written notice —

(a)

specifying the alleged contravention and stating that the Board intends to impose a financial penalty (if applicable); and

(b)

specifying the period within which written representations (if any) may be made to the Board concerning the alleged contravention.

Subregulation 2

The Board may extend the period mentioned in paragraph (1)(b) by written notice.

Subregulation 3

After the period for making written representations has expired and the Board has given due consideration to any written representations given within that period, the Board may, if satisfied that the approved provider has committed the alleged contravention, impose a financial penalty under these Regulations on the approved provider by giving the approved provider written notice of the Board’s decision to impose the financial penalty.

Subregulation 4

The notice of the Board’s decision to impose a financial penalty mentioned in paragraph (3) must specify a period (not less than 30 days after the approved provider is notified of the Board’s decision) for payment of the financial penalty.

Subregulation 5

The Board may extend the period mentioned in paragraph (4) by written notice.

Subregulation 6

Where the Appeal Panel refers a decision to the Board for reconsideration under regulation 11(5)(b), the Board must —

(a)

notify the approved provider of the outcome of its reconsideration as soon as practicable after completing its reconsideration;

(b)

if the Board intends to impose a financial penalty for a different alleged contravention, issue a new written notice mentioned in paragraph (1); and

(c)

if the Board decides to impose a financial penalty for the same alleged contravention or a different alleged contravention, issue a further written notice mentioned in paragraph (3).

Regulation 9 — Central Provident Fund (Financial Penalties) Regulations 2016