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← Commodity Trading Act 1992

Commodity Trading Act 1992 s 41

s 41 Inspections by Board

41.—(1) The Board may inspect under conditions of secrecy the books, accounts, documents and transactions of a commodity market, a clearing house, a commodity broker, a commodity pool operator or a commodity trading adviser. (2) The Board may appoint any person to exercise the powers of the Board under subsection (1). (3) For the purpose of an inspection under this section, any of the persons or bodies mentioned in subsection (1) under inspection must give the Board access to, and must produce, its books, accounts and documents, and must give such information and facilities as may be required to conduct the inspection. (4) Any person appointed by the Board has, at all times, the power to copy or take possession of the books, accounts and other documents of the commodity market, clearing house, commodity broker, commodity pool operator or commodity trading adviser. (5) A person who or body which, without reasonable excuse, fails to produce any book, account or document or furnish any information or facilities in accordance with subsection (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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