42. Acceptance of composition of offence
Feedback & supportLast amended by an amending law of 2023. 2 amendments in all.
The Authority may compound an offence under section 117 of the Act only if the person reasonably suspected of having committed the offence —
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
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 —
in the case of a body corporate, by an officer of that body corporate;
in the case of a partnership, by a partner of that partnership; or
in the case of an unincorporated association (other than a partnership), by an officer of that association or a member of its governing body.
In paragraph (2), “officer” has the same meaning as in section 111(6) of the Act.
Subregulation 1
The Authority may compound an offence under section 117 of the Act only if the person reasonably suspected of having committed the offence —
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
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 —
in the case of a body corporate, by an officer of that body corporate;
in the case of a partnership, by a partner of that partnership; or
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
In paragraph (2), “officer” has the same meaning as in section 111(6) of the Act.