Securities and Futures (Corporate Governance of Approved Exchanges, Approved Clearing Houses, Licensed Trade Repositories and Approved Holding Companies) Regulations 2024 · As enacted · Part 2 · Governance of Regulated Institutions
20. Offences
Feedback & supportAny regulated institution which contravenes regulation 6(1) or (4), 8(1) or (2), 9(1), 12, 13(1), 14(1), 15(1), 16(1), 17, 18 or 19(4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $150,000 and, in the case of a continuing offence, to a further fine not exceeding $15,000 for every day or part of a day during which the offence continues after conviction.
Any regulated institution which contravenes regulation 6(3)(a), 9(5)(a), 13(7)(a), 14(4)(a), 15(4)(a) or 16(4)(a) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.
Section 333(1) of the Act does not apply to any offence mentioned in paragraph (1) or (2).
Subregulation 1
Any regulated institution which contravenes regulation 6(1) or (4), 8(1) or (2), 9(1), 12, 13(1), 14(1), 15(1), 16(1), 17, 18 or 19(4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $150,000 and, in the case of a continuing offence, to a further fine not exceeding $15,000 for every day or part of a day during which the offence continues after conviction.
Subregulation 2
Any regulated institution which contravenes regulation 6(3)(a), 9(5)(a), 13(7)(a), 14(4)(a), 15(4)(a) or 16(4)(a) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.
Subregulation 3
Section 333(1) of the Act does not apply to any offence mentioned in paragraph (1) or (2).