§ 28J — False or misleading disclosures

28J. A prescribed financial institution, or an officer of the prescribed financial institution, that knowingly or recklessly —(a)

discloses any risk information under section 28D or 28E;

(b)

publishes any risk information under section 28F; or

(c)

makes any correction to the risk information mentioned in paragraph (a) or (b),

that is false or misleading in a material particular, shall be guilty of an offence and shall be liable on conviction —

(d)

in the case of an individual, to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both; or

(e)

in any other case, to a fine not exceeding $1 million.[Act 19 of 2023 wef 01/04/2024]