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← Financial Advisers Act 2001

Financial Advisers Act 2001 s 117

s 117 Composition of offences

117.—(1) The Authority may compound any offence under this Act that is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding one half of the amount of the maximum fine prescribed for that offence.[35/2012] (2) The Authority may compound any offence under this Act (including an offence under a provision that has been repealed) which —(a) was compoundable under this section at the time the offence was committed; but (b) has ceased to be so compoundable, by collecting from a person reasonably suspected of having committed the offence a sum not exceeding one half of the amount of the maximum fine prescribed for that offence at the time it was committed. [35/2012] (3) All sums collected by the Authority under subsection (1) or (2) must be paid into the Consolidated Fund.[89 [35/2012]

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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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