s 77 Regulations
77.—(1) The Authority may make regulations prescribing matters required or permitted by this Act to be prescribed, or necessary or convenient to be prescribed for carrying out or giving effect to this Act. (2) Without limiting subsection (1), the Authority may make regulations for or with respect to —(a) the fees to be paid in respect of any matter or thing required for the purposes of this Act; (b) the corporate governance of licensed credit bureaus; (c) prescribing the offences that may be compounded; and (d) prescribing the procedure —(i) for the use of the electronic service mentioned in section 79; and (ii) in circumstances where there is a breakdown or interruption of the electronic service. (3) Except as otherwise expressly provided in this Act, regulations made under this Act —(a) may be of general or specific application; (b) may contain provisions of a saving or transitional nature; (c) may provide that a contravention of any specified provision of the regulations shall be an offence; and (d) may provide —(i) in the case of an individual, for penalties not exceeding a fine of $50,000 or imprisonment for a term not exceeding 2 years or both for each offence and, in the case of a continuing offence, a further penalty not exceeding a fine of $5,000 for every day or part of a day during which the offence continues after conviction; and (ii) in any other case, for penalties not exceeding a fine of $100,000 and, in the case of a continuing offence, a further penalty not exceeding a fine of $10,000 for every day or part of a day during which the offence continues after conviction.