Singapore legislation

Regulation 42

Acceptance of composition of offence

Amended byS 493/2018 wef 14/08/2018S 222/2023 wef 31/12/2021S 222/2023 wef 31/12/2021

Subregulation 1

Amended byS 493/2018 wef 14/08/2018S 222/2023 wef 31/12/2021

The Authority may compound an offence under section 117 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.

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.

Amended byS 222/2023 wef 31/12/2021

In paragraph (2), “officer” has the same meaning as in section 111(6) of the Act.