Singapore legislation

Regulation 25

of Securities and Futures (Financial Benchmarks) Regulations 2018

Regulation 25

Offences

Subregulation 1

Any authorised benchmark administrator or exempt benchmark administrator that contravenes regulation 8(1), (6) or (7) or 10(1), (2), (3) or (4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction.

Subregulation 2

Any authorised benchmark administrator or exempt benchmark administrator that contravenes regulation 8(4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.